There is another kind of thing with bitcoin. Estimates are not played here because its source is known, it is managed through a fund manager and it also has a correct regulation. There is scope to benefit from it year after year, except there should not be any big stir in the market.
Which one would be beneficial to invest in both bitcoins or mutual funds? Nowadays there is a lot of demand in the market, so this question is arising. Experts say that both have their own benefits. It depends on the buyer, in whom he sees more profit. As everyone knows that bitcoin started in a few money today has reached 40 lakhs. Who will not want to invest in it when they get so much profit? The same situation is with mutual funds. But the way to invest in both is completely different.
Bitcoin is a cryptocurrency whereas mutual fund is a means of investment in which people invest money and fund managers manage it. You can invest in bitcoins in two ways. First, buy bitcoin and hold it until the price rises. You can make good money by selling bitcoins as soon as the profits are seen. Secondly, you can also earn money in bitcoin through mining. There is no such thing with mutual funds. These funds are bought directly from mutual fund companies, banks or any brokerage firm.
Bitcoin-Mutual Fund Difference
BankBazaar CEO Adil Shetty tells CNBCTv18 that before investing in bitcoins or mutual funds, one must decide in advance what to do next in investing, what kind of returns they want to get and the returns they want. For how many days can you keep a mutual fund in check. Investors should also assess their risk appetite. If they are willing to take the risk, then they should move forward in mutual funds.
Bitcoin for risk takers
If the price of an asset is continuously climbing, prices are constantly running up, then taking it for a short period can be a risk. Shetty says, but we should also know that how many days you can hold that asset in the desire for profit. People’s interest in cryptocurrency is increasing rapidly. On this, Shetty’s advice is that money should be invested in something which is already known and tried, which is less likely to fall. According to this, mutual funds are more correct. If there is no problem in taking risk, then you can also invest in crypto.
Advantage of shares or mutual funds
Some similar advice is also given by Rachit Chawla, founder and CEO of ‘Finway FSC’. Chawla says that when an investor buys shares, he becomes the rightful owner because some share of the company also comes to the share buyer. The same benefit comes to the investor in mutual funds and equities. On the other hand, Bitcoin’s business is based on projections and it is not known who is behind it, who owns it.
No trust bitcoin
Chawla says, bitcoins can give higher returns in the long term, but there is no belief. We will not be able to say this for sure. Where there is an expectation of higher returns, the risk is also higher. This is the case with bitcoin. So, many experts advise that a person who does not have any difficulty in taking risk, wants to profit in the long term and has a habit of playing with guesses, then he can invest money in bitcoins with fun.
Guess played
There is another kind of thing with bitcoin. Estimates are not played here because its source is known, it is managed through a fund manager and it also has a correct regulation. There is scope to benefit from it year after year, except there should not be any big stir in the market. Although the risk is not less in mutual funds, but there is no condition like bitcoin. Compared to Bitcoin, the business of mutual funds is more open and transparent. We know where money is going and growing, then what is the reason for it and why is there a deficit.
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