Investing In Property vs. Crypto
OMICRON is a type of digital currency.
Here’s a bizarre but real fact…
The World Health Organization designated variant B.1.1.529, also known as Omicron, as a variant of concern on November 26, 2021.
Within three days, the value of the same-named cryptocurrency had soared by a factor of ten.
It then dropped back down to its former level within a week.
While volatility may be beneficial to seasoned day traders, ordinary people seeking to build long-term wealth are less likely to choose cryptos as a means of securing their financial stability.
Scarcity is said to be one of the key attractions of bitcoin and other cryptocurrencies. However, you could easily make the same argument for a variety of different asset classes.
Property in the UK is must be one of the scarcest assets of all (especially in the South-East), and its value is visible to all.
