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Should You Buy Crypto Or Sit Out? A Clear Guide To Smarter Choices
Should I Invest In Crypto, Or Sit It Out?
Crypto might be everywhere right now, but that doesn’t mean it fits your plan by default. We dig into the real question people are asking: should you invest or sit it out? Jason Taylor, CFP and creator of MyPocketFP separates hype from strategy, unpack key risks that don’t show up on price charts, and share simple ways to approach crypto without blowing up your budget.
We start by challenging the “easy money” myth and explaining how crypto differs from stocks and bonds. Stocks tie to businesses that produce cash flow; crypto—especially Bitcoin—behaves more like a currency-like asset driven by network belief and scarcity. That distinction shapes expectations for returns, risk, and the role crypto can play alongside your core holdings. From there, we talk custody: exchange failures, hacks, lost keys, and why platform choice matters as much as the coin itself. If you can’t clearly explain where your crypto lives and how you’d recover it, you’re taking risks you may not realize you’re taking.
Looking for a practical entry point? We cover how ETFs can simplify exposure, make cashing out easier, and reduce operational headaches for smaller allocations. Jason lays out a clean rule of thumb: treat speculative positions like Vegas bets—money you don’t need now and won’t miss if it goes to zero. We touch on manias and cycles—tulips, beanie babies, and what happens when people who never invest suddenly want in—and we end with the quiet powerhouse of a real plan: diversification. Keep your core in broad, low-cost funds, size crypto modestly if it belongs at all, and use rebalancing to keep risk in check as markets move.
Want a portfolio that sleeps well at night while still leaving room for curiosity? Press play, learn how to place smarter bets, and decide whether crypto earns a seat at your table. If you find this helpful, follow the show, share it with a friend who’s crypto-curious, and leave a quick review so more listeners can build better money habits with us.
To learn more about MyPocketFP visit:
https://www.MyPocketFP.com
MyPocketFP
View all episodes
By Jason TaylorShould I Invest In Crypto, Or Sit It Out?
Crypto might be everywhere right now, but that doesn’t mean it fits your plan by default. We dig into the real question people are asking: should you invest or sit it out? Jason Taylor, CFP and creator of MyPocketFP separates hype from strategy, unpack key risks that don’t show up on price charts, and share simple ways to approach crypto without blowing up your budget.
We start by challenging the “easy money” myth and explaining how crypto differs from stocks and bonds. Stocks tie to businesses that produce cash flow; crypto—especially Bitcoin—behaves more like a currency-like asset driven by network belief and scarcity. That distinction shapes expectations for returns, risk, and the role crypto can play alongside your core holdings. From there, we talk custody: exchange failures, hacks, lost keys, and why platform choice matters as much as the coin itself. If you can’t clearly explain where your crypto lives and how you’d recover it, you’re taking risks you may not realize you’re taking.
Looking for a practical entry point? We cover how ETFs can simplify exposure, make cashing out easier, and reduce operational headaches for smaller allocations. Jason lays out a clean rule of thumb: treat speculative positions like Vegas bets—money you don’t need now and won’t miss if it goes to zero. We touch on manias and cycles—tulips, beanie babies, and what happens when people who never invest suddenly want in—and we end with the quiet powerhouse of a real plan: diversification. Keep your core in broad, low-cost funds, size crypto modestly if it belongs at all, and use rebalancing to keep risk in check as markets move.
Want a portfolio that sleeps well at night while still leaving room for curiosity? Press play, learn how to place smarter bets, and decide whether crypto earns a seat at your table. If you find this helpful, follow the show, share it with a friend who’s crypto-curious, and leave a quick review so more listeners can build better money habits with us.
To learn more about MyPocketFP visit:
https://www.MyPocketFP.com
MyPocketFP