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Should You Buy Bitcoin In 2024? Here’s My Strategy And Why I Invest Less Than 5% Of My Wealth

Diarmaid McMenamin
7 min readOct 2, 2024

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In recent years, Bitcoin has moved from being an obscure idea championed by tech enthusiasts and libertarians to a mainstream asset discussed in households, boardrooms, and financial institutions worldwide.

In this article, I’ll share with you not only the steps to buying Bitcoin but also my personal approach and philosophy toward investing in cryptocurrency.

Let’s consider how you can think about this decision and take actionable steps to make it work for your long-term financial goals.

Why Should You Learn How to Buy Bitcoin?

Some have hailed Bitcoin as “digital gold” and dismissed it as a speculative bubble by others. The truth likely lies somewhere in between. While volatile and risky, Bitcoin also represents a revolutionary change in how we think about money and value.

For many investors, including myself, buying Bitcoin is about more than just making a quick profit — it’s about diversifying a portfolio, hedging against inflation, and gaining exposure to an asset class that might define the future of finance.

Potential Benefits of Buying Bitcoin:

  1. Diversification: Bitcoin operates…

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Diarmaid McMenamin
Diarmaid McMenamin

Written by Diarmaid McMenamin

Helping busy, time-poor professionals build a life of time and financial freedom by improving financial education and investing in property.

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