The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Investment Guru Balaji Srinivasan Unveils Crypto Strategy for Newbies, Highlights Several Projects Beyond Bitcoin

by Daily Hodl Staff
November 3, 2020
in Altcoins, Bitcoin, Ethereum

Angel investor Balaji Srinivasan is sharing a crypto investing strategy that newbies can use to build their portfolio.

In an interview on Real Vision Finance, the former Coinbase CTO says that the best way to learn how to invest in crypto is to get started with Bitcoin.

“If you don’t know what you’re doing in the space yet, buy BTC and learn. Most people will buy BTC custodially on Coinbase. Then they’ll get a wallet, they’ll play around with it to immerse themselves in the community, they’ll develop their own theses on it.”

Srinivasan explains why he refers to Bitcoin as the “lingua Franca of the crypto Babel.”

“Everybody, no matter what their crypto subculture, knows and respects BTC. If you’re Ethereum or you’re in EOS, or you’re in Zcash or you’re in Cosmos or whatever, BTC is just kind of the universal sort of denominator.”

Srinivasan also says investors won’t go wrong by having the king coin but notes that there are other important projects to explore.

“If you want to go further, it depends on your thesis and how you’re exploring the space. For example, if you’re very much into privacy, then looking at Zcash is interesting. If you’re interested in program building from the developers – and not just Zcash, but other zkSNARKs-related things (zero-knowledge proofs), Grin… Some amazing stuff is happening there in terms of privacy-preserving computation –  hugely important, frankly, for where the internet is going…

Another angle, if you care about finance, is to get into Ethereum and DeFi (decentralized finance), where every single financial instrument is being rebuilt on-chain from derivatives to stocks and bonds and what have you, and you can basically set up a Bloomberg terminal anywhere from your computer without a Bloomberg terminal fee.

And that’s insanely valuable and interesting because what’s going to happen is, just like Twitter, how many folks were journalists in 1995 versus posting online by 2015? It went from a few thousand people to hundreds of millions of people posting online. In the same way, if the internet turned the world into publishers, crypto is going to turn the world into investors and financiers So if you’re interested in that, then Ethereum and DeFi and all the new protocols that are related to that are interesting.”

On top of privacy and finance, Srinivasan points out that investors should look into other interesting sectors which they can invest in and add to their crypto portfolio.

“So the kinds of technologies I’m interested in are those that complement BTC where BTC is a digital gold. I don’t feel it’s threatened, but I do think we also need a digital banking system. We need private coins. I think we’re going to need, for example, streaming video and uncensorable messaging and all this other type of stuff, right? And I think that crypto will be a massive component of that, even if it takes 5, 10, 15 years for the whole thing to build out.”

I

 
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 losses 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/agsandrew

Submit a Press Release

Industry Announcements

  • GUNZ Announces GUN Token Expansion to Solana
    July 7, 2025
  • BioMatrix Surpasses Five Million Verified Users, Setting New Standards for Real Human Engagement in Web 3.0
    July 7, 2025
  • NEXST Launches Web 3.0 Virtual Reality Entertainment Platform With K-Pop Group UNIS As First Global Partner
    July 7, 2025
  • Little Pepe Surpasses $4 Million in Presale, Emerging as One of the Leading Meme Coins of 2025
    July 6, 2025
  • The Open Platform Is First Unicorn in Web 3.0 Ecosystem in Telegram at $1 Billion Valuation
    July 3, 2025
  • P2P.org Brings Native ETH Staking to Ledger Live Globally
    July 3, 2025
  • Cooking.City Bringing Back Value Redistribution to Solana Fair Launches
    July 3, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$108,438.05
$108,438.05
0.48%
Ethereum
$2,552.53
$2,552.53
0.92%
BNB
$661.00
$661.00
0.24%
Solana
$150.13
$150.13
1.62%
XRP
$2.28
$2.28
0.44%

Spotlight

  • Lawsuit Alleges Citibank Ignored Red Flags, Aided Scammers in $20,000,000 Pig Butchering Romance Scam
    July 1, 2025
  • Here’s Why Bitcoin Is Not ‘Mooning’ Despite Demand From BTC Treasury Firms, According to Former Goldman Sachs Exec Michael Bucella
    July 1, 2025
  • ‘It Sounded Reasonable at the Time’ – Elderly JPMorgan Chase Customer Duped out of $13,000 by Contest Scam: Report
    July 1, 2025
  • Bitwise Doubles Down on $200,000 Bitcoin Price Target, Reveals Predictions for Ethereum Solana, Coinbase and More
    July 1, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl