A Bitget analysis conducted in Mexico and shared with Cointelegraph en Español revealed the result of what could have happened in the case of investing the December 2022 bonus in cryptocurrencies, more precisely in Bitcoin.
At the end of the working year, workers eagerly await the payment of the Christmas bonus, a benefit that is enshrined in Mexico for those who work in a dependent relationship. This benefit gives people the opportunity to save or make a contribution to their financial plan, with which they can put into practice the habit of not spending all the money they receive.
Investing the bonus can be a way to make money grow, instead of just saving it, In addition, inflationary issues that detract from its value in several countries must be taken into account., in Latin America especially. One of the basic suggestions that is usually made in this regard is to diversify as a form of investment, this means, choose different instruments in different institutions, in order to dilute the risk of losing the invested capital.
In addition to the classic options already known when investing, we also find a relatively modern alternative to cryptocurrencies, which are famous for the volatility of their pricesbut in turn, there are ways to educate yourself to try to understand the market in which they operate when making decisions, in order to do so in a more informed and secure manner.
Although 2022 was not an easy year for the cryptocurrency sector, perhaps due to the bankruptcies of some exchanges, which caused the callcryptowinter” (price drop in the market), 2023 brings with it indicators, which could show a significant rise, especially for Bitcoin.
Jacobo Maximiliano, Bitget Analyst, made a projection in which he exemplifies how cryptocurrencies “They are like any other investment instrument, to which you should go informed”.
“To give a clearer idea of the difference in returns between an investment in Bitcoin and an average bank investment, we carried out a comparison exercise where the initial value is 20,000 Mexican pesos, which in this example may be the Christmas bonus, and that in December of 2022 they would have been approximately 1,000 US dollars. Now, if we take a bank instrument from 2022, we would see that these instruments offer an average interest rate of 7% per year. What he would give us in five months, approximately 20,350 Mexican pesos”, they explained from Bitget.
“In this example, if the investment of that bonus of 20,000 Mexican pesos (equivalent to 1,000 US dollars) made in December 2022, we had made it in Bitcoin, we could say that today we would have approximately 1,200 dollars (20% more in just 5 months)equivalent today to 24,000 pesos”, added Jacobo Maximiliano.
Jacobo also commented: “We must treat cryptocurrencies with the same respect as other investment instruments, since they all carry a risk. This comparison illustrates very well what cryptos can do and specifically the case of Bitcoin. It is not intended to be advice, rather, it has an educational purposetaking into account that, with a well-designed investment strategy, we can obtain great results”.
Maximiliano also shared a series of recommendations to take into account:
“Educate yourself about the crypto sector. Have a notion of what is happening and the events that occur”.
“Have a diversified portfolio: As with any other instrument, you have to maintain a varied portfolio and not put all your money in the same place.”
“Use trusted platforms: Investigate who are the trusted exchanges and who invest in security.”
“Keep up to date, for example, by subscribing to industry news to stay up to date.”
“Use ‘Copy Trading’: The Copy Trading technique is simply copying the operations of the most experienced investors, which gives confidence and helps in the beginning to understand the movements in the sector.”
Finally, from Bitget they reflected: “Following these recommendations and taking precautions As with any other instrument, investments in the crypto sector can be part of an investment strategy where the results can surprise us.”.
Disclaimer: The information and/or opinions expressed in this article do not necessarily represent the views or editorial line of Cointelegraph. The information presented here should not be taken as financial advice or investment recommendation. All investment and commercial movement involve risks and it is the responsibility of each person to do their due research before making an investment decision.
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Investments in crypto assets are not regulated. They may not be suitable for retail investors and the entire amount invested may be lost. The services or products offered are not directed or accessible to investors in Spain.
