How To Use Bitcoin To Diversify Your Wealth During Diwali

Diwali is a time of celebration for the whole country. What also makes IT unique is that it is quite an interesting period when the material aspirations of the country are most visible.

This can be seen in two ways: firstly Diwali season has slowly become the de facto shopping holiday for the country with amazing deals on online and offline platforms leading to crazy levels of shopping and secondly we can see a fascinating array of religious activities that are geared towards building wealth creation.

One of them is Lakshmi Puja, a special ceremony to invite Goddess Lakshmi, the Goddess of Wealth and Prosperity into their homes. This is done in the hope that they will be blessed with prosperity.

This fascinating link between Diwali and wealth also seemed like a good time to acquire new assets and make new investments. And, what better asset for wealth creation in these auspicious times than the top performer of the past decade – Bitcoin?

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Traditionally, before Diwali, Indians were content to buy precious metals like gold. However, as times have changed and crypto adoption has grown across the globe, a new generation of Indians have become more interested in Bitcoin.

After all, for a generation of Indians growing up as natives in a digital world, Bitcoin is an obvious choice. Many see Bitcoin as digital gold, a store of value and investment superior to gold and therefore an ideal investment choice to finance the future during the auspicious period of Diwali.

Diversification is a great way to build long-term wealth because it allows you to deal with market volatility. What works in Bitcoin’s favor is its low correlation to most stocks and market assets. This could have a significant impact on long-term returns.

With the price of Bitcoin now far from its all-time highs, it also represents a wonderful time to invest in the asset – whether for the first time or to start a systematic investment plan where every week or month a certain amount is invested in it. Many Indian crypto exchanges offer attractive offers during the Diwali period to attract new investors.

Choosing the perfect Diwali gift can be a daunting task for many. Giving Bitcoin is not only efficient and super convenient, but it’s probably one of the few gifts that has the potential to increase in value.

For newcomers to the space, this is a great time to buy or possibly receive Bitcoins as gifts from friends or relatives. They could then take advantage of this opportunity to learn about Bitcoin and its potential, before making large investments in the sector.

However, while investing in Bitcoin, especially for the first time, it is important not to get carried away with price speculation and greed. In fact, just as Indian households view gold as a long-term asset, Bitcoin also presents wonderful opportunities for wealth creation, but only if the investor is willing to adopt a long-term mindset and stay invested for the long term.

If you are looking to invite Goddess Lakshmi into your home this Diwali, think no further than adding Bitcoin to your portfolio and benefit from diversification.

(Mohammed Roshan, CEO and Co-Founder of GoSats)

We want to say thanks to the writer of this write-up for this amazing material

How To Use Bitcoin To Diversify Your Wealth During Diwali

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