When I came into BTC, I already had a pretty decently well diversified portfolio that included at least property, stocks and bonds, and I did not have too many commodities, and I figured that my getting into bitcoin was going to serve some kind of variation of that part (I thought of bitcoin as a kind of gold at the time I got in and/or a substitute for gold, so I never did buy any gold or gold exposure).
Similar to you I have an assets but I felt the need to diversify my portfolio to investing on Bitcoin because I believe that in the future through the potential of Bitcoin I will surely be happy.
So in some sense all of my investments, before I got into bitcoin were already enough to sustain me if BTC went to zero. so each person has to decide for himself/herself the extent to which s/he needs to own other things.
When I first started investing I did not diversify, so it can sometimes take 10 years or more before you are getting to a level in which you might feel that you need to diversify. Actually
my last charts in this post shows how I have just tended to allow BTC to ride and I did not reallocate out of bitcoin... so as of mid 2022, according to that chart, I was 63% bitcoin.. so it shows going from 0% bitcoin to higher amounts and a lot of that is mostly just changes in the prices of the assets, and bitcoin has grown better than my other investments which have largely had very modest growths and I did not really change those other investments very much.
It was actually quite a smart decision you made going for Bitcoin because sometimes in life focussing on a particular thing to me is not always advice able, in my country were I came from there is a native saying that putting all your eggs in one basket is very risky because if it fell down all the eggs will be broken and one will be left with nothing, so is always good to have other source of investment even if you have a stable portfolio there will come a time when the need to extend investment will come, so reffering back to my school days when they thought us a theory called
Theory of Need Authored by Abraham Maslow, he stated that no matter how stable someone is the need to diversify your portfolio to some other things will always come.
In the investment platform portfolio diversification becomes vital role when an individual faces substantial adversity. When someone experiences a major obstruction, they can realize the importance of diversification. In businesses heavily rely on a single asset any of the moment can face bad consequence, Many may not have the strength to control themselves at that moment. However, if I allocate my assets in different baskets, even if one basket is destroyed, my other basket will support me that's why it's prudent to consider diversification.
From this perspective, @JayJuanGee certainly made a wise decision. He diversified a portion of his assets in Bitcoin. This diversification strategy not only help him to stabilized his assets also he is benefited.
When I first started investing I did not diversify, so it can sometimes take 10 years or more before you are getting to a level in which you might feel that you need to diversify.
Through you, we are getting to know this matter earlier in that case we don't need 10 years. Considering this aspect, we can certainly be ahead in the matter of diversification. I have seen several businesses owner who are making decent money from their profitable businesses but are investing their little money in bitcoin. It is no problem to realize that they are diversifying their portfolio.