How does the rule of 72 apply to investing in cryptocurrencies?

1 answers

• Bxrnie_Oct 31, 2020 · 5 years ago
  The rule of 72 is a handy tool for investors looking to gauge the potential growth of their cryptocurrency investments. By dividing 72 by the annual growth rate of a cryptocurrency, you can get an estimate of how long it would take for your investment to double. For instance, if a cryptocurrency has an annual growth rate of 8%, it would take around 9 years for your investment to double. However, it's important to remember that the rule of 72 is just a rule of thumb and doesn't take into account the inherent risks and volatility associated with cryptocurrencies. It's always wise to do thorough research and consult with financial professionals before making any investment decisions.
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