To the readers of the topic. In my humble opinion, diversification for plebs like us is a bad investment strategy. VERY bad in fact. Why? Because we don't have the same amount of capital as Warren Buffett to make it effective. If their $1 billion invested makes 20% in one year, that's $200,000,000. I believe that's more than enough especially if they outperformed the S&P 500 index.
Plus we don't need the hedge to reduce volatility because we are not asset managers who manage OTHER people's money. For us, we concentrate to one or two investments, if we want to truly make an amount of money that matters.
What is your take on investing in the physical sector like real estate? I know of my country where real estate is a huge business that gives massive return on investment. From the records available, the value of real estate here doubles every decade and it is reliable and transferable to heirs. This can be a good option to add to Bitcoin.
I understand Bitcoin do give more than double with a decade and this trend does not look it will change soon. The bottom-line of our discussion is how to generate sustainable wealth so, I a kind of still support other business venture like real estate that can also be good investment opportunities. Besides, there is joy and self fulfillment you get when you see your physical asset.
However, Bitcoin does not require so much technicality to venture into...the entire process of buying, storing and buying more can be learnt within a short period of time at one's convenient time and location. Unlike other ventures that requires so much processes like documentations, legal aspect and others; all of which have associated risks.