Invesco Strategist: Suggests Considering Small Allocations and Diversifying Holdings in Multiple Major Cryptocurrencies

For those who think cryptocurrencies are a suitable investment, it is recommended to consider a small allocation and diversify across multiple major cryptocurrencies, as each has different characteristics, said Kristina Hooper, chief global market strategist at Invesco, according to IFA News on May 24. Investors can diversify their allocations through other alternative asset classes such as gold and real estate. Regular adjustments can also help investors “sell high and buy low” in a reasonable manner, and active management should also help as different cryptocurrencies sometimes rise and fall depending on investor preference.