I knew I was right around 99% crypto, but I actually took a second to calculate it and I'm only 0.1% fiat, 99.9% crypto right now! Granted I'm very low on cash right now haha, gotta cash out a couple thousand dollars worth of staking rewards to pay expenses this month, and generally I want to keep 0.5% in cash for my emergency fund.
But this just got me thinking, for anyone willing to share (just percentages, no raw numbers) where do your net worth crypto/fiat/anything-else percentages stand?
Anyone else gone full bore into crypto as I have?
Having crypto and Fiat is indeed but what about Gold? Even if I am a strong crypto believer I don't think Gold is useless because it can be much helpful in emergency conditions. If I am not wrong at least 30% of my total asset value is in gold 40% in rental property because it is stable and passive income so no need to worry if your other investment is not working.And the remaining only is in the crypto and liquid cash and saving in my bank will be about 5%.But this just got me thinking, for anyone willing to share (just percentages, no raw numbers) where do your net worth crypto/fiat/anything-else percentages stand?
Anyone else gone full bore into crypto as I have?I don't really see a point of Gold at this point. Bitcoin has the same investment thesis as gold, but far better, and its investment thesis goes beyond gold's which is limited to store of value. And I don't see how gold can be helpful in emergency situations. Are you physically storing your gold? Then you have to worry about security. And how are you gonna sell it? I imagine it is fairly costly to sell (verifying purity, depends on what form your gold is in, etc). I personally just don't see any upside to holding Gold when you can hold Bitcoin. I would imagine that some people are already selling Gold they've held for years, for Bitcoin, and I'd guess that will continue, and will make it harder for Gold to keep up with inflation, meanwhile Bitcoin will continue to appreciate many times more than inflation each year. Those are just my thoughts
Real estate is great though, so good job on that. I may eventually get some rental properties to diversify beyond crypto. I'd one day like to cover my entire cost of living in multiple ways, currently I can do it with staking cryptos, but eventually I'd like to also cover my entire cost of living with cash flow from rental properties and from dividends from stocks, and maybe even one day have a business, to really diversify and multiply my income streams so that I can live off of any single one of them.