Personal Finance
Beginner’s Guide to Cryptocurrency Portfolio Allocation
By Seedly  •  August 20, 2021
Back in June/July 2021, we collaborated with Gemini and CoinMarketCap to survey 4,348 people to delve deeper into what crypto holders and non-crypto holders in Singapore think about cryptocurrencies. Using these data, we produced the State of Crypto in Singapore Report, a report packed full of valuable insights about people’s perception of cryptocurrency in Singapore. Interestingly enough, 34% of the non-crypto holders plan to purchase their first cryptocurrency within the next 12 months. If you fall into that profile and are looking to invest in cryptocurrencies. read on to find out how much of your investment portfolio should be allocated to cryptocurrencies! TL;DR: How Much Cryptocurrency Should You Have in Your Portfolio? Historically, there is a low correlation between cryptocurrencies like Bitcoin and traditional assets like stocks and bonds.  As investing in cryptocurrencies is a risky endeavour, you should not be investing more than you are willing to lose. Based on your risk tolerance you should look at allocating...
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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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