Quote from: Yucky on July 10, 2024, 06:30:35 PM

Physical assets are good from the standpoint of diversification of investment and maybe for showing off that you have wealth, but in comparison to digital assets like Bitcoin, it's better to invest in digital assets over most physical assets.

You try but you for add the disadvantages because irrespective of how good a physical asset be, e get e own bad side and na wetin me go like focus on for this my reply as I see say everybody dey take about the advantages and supporting you in one way or the other. I go also talk about the disadvantages of digital assets too so we fit know how to balance the whole thing by having both and not only depending on one. Some of the disadvantages includes.

Cost of maintenance: Physical business like land, rental apartments etc cost to maintain.
Extra expenses for purchase: E no get any physical assets wey you wan get wey no go cost you more to buy because of extra charges from different areas.
Could easily be damaged/stolen or you lose them to legal battles.

Security concerns: This na the highest concern because anything digital can be hacked from you when you no protect yourself well. For example if you go dey use online wallets or exchange to store your Bitcoin instead of a non custodial wallet.
High Volatility etc

Just diversify to avoid all wahala, no put all your eyes for one basket or na you go regret am when one mistake make you to lose everything. Have both physical and digital assets because they both have their benefits and disadvantages. Digital assets can make you richer faster but physically assets serves as a safe heaven.