Getting Rich From the Crypto Rally? Here’s How to Avoid a Crash.
- Bitcoin approached $100,000 as crypto markets surged after Trump’s election victory.
- But crypto is a volatile and risky asset class.
- Taking profits, setting stop-losses, and diversifying into other assets are ways to reduce risk.
Christmas came early for crypto investors.
Ever since Donald Trump’s victory in the presidential election, cryptocurrency markets have been ebullient. Bitcoin, the crypto poster child, has continuously hit new highs this month, sending its price within striking distance of $100,000.
If you’ve been lucky enough to see some of these returns, you might also be worried about an impending crash, as crypto prices tend to be volatile.
While it’s common in crypto circles to glorify…
