The bitcoins and the retirement stage seem two completely opposite worlds: the first is highly volatile, while retirement requires the greatest possible certainty to sustain our base in advanced stages. So, how can they coexist in harmony? According to specialists, the key lies in diversification.
Yes, you are correct in fact regarding diversification.
The key to make money safely and steadily is to create a basket portfolio by investing in various assets which will make money for you. In my understanding and experience, you can put majority(approximately 60% or more) of your net worth in safe investment assets for long term gains and safety, but minority can be diversified in various risky assets as well for massive quick gains so that it will balance the portfolio by hedging the risk as well as increase the net worth over time.
As many people have already said it, I will repeat the quote 'The difference between rich and poor is only one thing. Poor people work for money everyday and rich people allow the money to work for them to make more money everyday'.
Artificial General Intelligence