According to the results of a Morning Consult poll, Kim Kardashian’s September 7 “Ethereummax Max (EMAX)” Instagram post was seen by one in five cryptocurrency investors. But not every celebrity’s crypto advice can be considered correct. Because, cryptocoin.com We’ve put together some of his most sensible advice. Let’s start with finance guru and author Suze Orman…
Risk analysis first according to Suze Orman
Suze Orman, a Bitcoin investor, told Time’s NextAdvisor that BTC “should be part of your portfolio as long as you can afford to lose money, and it shouldn’t be sold for a seriously long period of time.” He adds that this summer, he personally only had $5,000 in Bitcoin. As for how much people should invest in crypto, Orman simply answers:
It depends on how much money you want to lose.
Mark Cuban’s golden cryptocurrency rule: Only 10%
Billionaire entrepreneur and “Shark Tank” star Mark Cuban gave people simple advice to get rich in a 2017 Vanity Fair interview. After doing things like living frugally, accumulating 3-6 months of income, and investing in mutual funds, those who want to take investment risk may want to consider crypto. But Cuban warns that you don’t want to invest more than 10% of your portfolio, adding that “you should act like you’ve already lost your money.” Meanwhile, in August, Cuban told FOX Business that he owns Dogecoin.
As for Elon Musk
Even Musk, who often talks about crypto and once said it is likely to become “the world’s future currency,” urged his 60 million Twitter followers to be cautious in May:
Cryptocurrency is promising, but please invest carefully.
The world’s richest businessman also warns people not to “invest their life savings in crypto,” adding that he doesn’t think it’s wise.
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