Seasoned trader Peter Brandt is outlining what he says is the best Bitcoin (BTC) investing strategy for members of Generation Z.
In a new series of tweets, the veteran strategist tells his 627,000 Twitter followers the best way for younger generations to begin investing in the top crypto asset by market cap.
According to Brandt, Gen Z’ers should aim to get a degree in a field with plenty of job opportunities, avoid student debt as much as possible, land a good job and treat it as a hobby, purchase a home and get married, and then allocate some of their income to holding BTC and continuing to buy during price drops.
Brandt goes on to say that the idea of specifically obtaining a university degree is prized too highly and young people should strive to learn technical or trade skills.
“Getting a university degree is hugely overrated. Entering a skilled trade is a very legitimate career path.”
The investor then offers some wisdom he gathered throughout his 47-year trading career to the younger generations that may appear counterintuitive on the surface.
“A position is not an opinion. An opinion (even a strong one) does not need to manifest in a position. It is possible to hold a position opposite from one’s opinion. Interested what Millennials and Gen Zers think about this.”
Brandt, who correctly predicted BTC’s collapse in 2018, recently said that the leading digital asset is forming an “intriguing” technical setup that could spark a rally soon. The investor also advised against liquidating BTC to purchase alternative crypto assets.
Bitcoin is exchanging hands at $38,717 at time of writing, a 5% decrease from its 24-hour peak of $40,813.
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Art Furnace