Health, Wealth, and Happiness

August 2, 2023

Howdy investors!

Today we're tackling how much you can afford to put into crypto investing. Fortunately, we have a long history of thinking strategically about crypto as part of a balanced investment portfolio. It's kind of our thing.

Also, a Manhattan judge throws a wrench into the Ripple (XRP) judgment, and our new (and newly-proven) Blockchain Risk Scorecard for Monero (XMR).

Let's go!

How Much Can You Afford Investing Into Crypto?

by Daniel Joel

Investor Takeaway: How much can you afford to invest in crypto? The short answer is tied to your finances and risk appetite. The longer answer involves using our new guide to build strategies that meet your financial goals.

At Bitcoin Market Journal, we’ve dug deep into questions of long-term crypto investments. A question for us (and, if our inbox is evidence enough, for our readers as well) is how much can we afford to invest in crypto?

We'd probably have a different answer if you asked this question regarding traditional investments, like stocks and bonds. Crypto is different, as you can see below.

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Monero (XMR) bills itself as a privacy-forward cryptocurrency that supports enhanced anonymity, radical decentralization, and resistance to ASIC mining. Currently, it's trending above $150, and many believe it will grow significantly over the next decade.

But does that mean it's a wise investment?

If you want to get the skinny on Monero to make an educated, long-term investing decisions, check out our Monero (XMR) Risk Scorecard. Our industry-leading scorecard shows you how Monero stacks up on critical risk factors, with research and commentary from our expert analysts.

Premium Members:Download the Monero Risk Scorecard here.

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Must Read

Today's most important stories for crypto investors.

Coinbase's New Layer-2 Coin BASE Surges Before Launch (CoinDesk)

Investor takeaway: BASE, an in-development bridge token connecting different blockchain networks, saw a surge of $68M in ETH despite not being fully online. Investors clearly see a demand for stable "bridge" protocols, and speculators have used the nascent technology to hype a number of meme coins. BASE looks promising for Coinbase, whose quarterly earnings will be released today.

Second Federal Judge Rules Tokens Are Still Securities (CNBC)

Investor takeaway: Judge Jed Rakoff issued an opinion in a Manhattan case against Do Kwon and Terraform Labs, stating that cryptocurrencies are securities, regardless of how they are sold. This contradicts the recent ruling in the Ripple case, stating that crypto may or may not be considered securities, depending on their context. It may complicate cases for Ripple and Coinbase, and confuse the industry further.

Coinbase Looking at Ways to Integrate Lightning Network (Decrypt)

Investor takeaway: Coinbase CEO Brad Armstrong is clear that the organization is looking for ways to include the Layer-2 bitcoin protocol Lightning. This protocol is intended to address scalability and payment processing on the bitcoin network and is seen as an improvement to vanilla bitcoin transactions. Could be a boost for BTC.

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