Ethereum co-founder Vitalik Buterin responded “awful advice” to a post on X that warned investors not to diversify their portfolios. Commenting on the post, Buterin offered practical financial advice, stressing the value of diversification. In his guide to prudent investing, he emphasized four key financial strategies including portfolio diversification, and urged investors to have savings. He also advocated for a “boring” portfolio, implying low-risk investments, unlike cryptos. Lastly, he advised investors against using more than 2 times leverage. This is because the probability of losing begins to increase very rapidly when the leverage used is so high. Buterin’s advice blends traditional financial investment strategies with modern insights that are relevant in the current digital landscape.
The Importance of Diversification in Investment: Insights from Vitalik Buterin
