Putting $1M into Crypto

[Steve K.]

The President Announced a Strategic Crypto Reserve consisting of ether, XRP, SOL, and Cardano/ADA. His son Eric said crypto is better than real estate for 2025. It seems like except for crypto, the economy is crashing. Should I sell my real estate and invest in crypto in 2025?

[James Wise]

Quote from @Jay Hinrichs:

Quote from @James Wise:

Quote from @Steve K.:

@Jay Hinrichs Ohio, Columbus, Cleveland @Jim K. @James Wise 

 I don't invest in things I don't understand and I don't invest in things that I can't control. For those reasons, I've never got into Crypto so I got no friggin clue.

LOL me too.. my son in law is always telling me  to buy it though.  And I have some clients in Baltimore that were telling me to buy some when it got down to 15k a few years ago.. But I also had a client the year before get hosed with it.. going form 60k she paid and selling at 20k.  I remember when it was 1 dollar and I do kick myself for not taking 1k and buying a thousand of them :) Even though I did not understand it then and done really now..  will stick to renting my money out to others for a fee that seems to have worked for me by and large for decades along with rehabbing or building new construction.. But like crypto can crash real estate was/is not immune from falling either.. we got hammered in 09 to 2011. 

 I look at it like this......If there is a random group of 10,000 people, I am probably smarter, better, and more experienced than 99% of them when it comes to making money in real estate. 

Likewise, if there is a random group of 10,000 people, I am probably less knowledgeable and experienced in Crypto than 99% of them.

Only an idiot would invest their money in an area where they are on the bottom 1% when they could just invest it in an area where they are on the top 1%.