At the Traders Conclave 2024 in Bengaluru, Edul Patel, CEO and Co-founder of Mudrex, addressed a gathering of traders and financial experts, challenging the common perception of Bitcoin’s volatility. He highlighted that Bitcoin’s risk-to-reward ratio is similar to that of Gold and S&P 500, making it an attractive long-term asset for investors.
“Bitcoin is not as volatile as people think. Its volatility has been decreasing steadily with the rise of institutional and retail adoption,” Patel stated. He noted that while traditional indices like NIFTY 50 have outperformed Bitcoin in terms of the Sharpe ratio (a measure of risk-adjusted returns) over the same period, Bitcoin remains a valuable addition to long-term investment portfolios.
Patel further emphasized that successful crypto investments, like any other financial venture, require thorough research and a well-thought-out approach. He recommended using Financial Intelligence Unit (FIU)-compliant exchanges and encouraged portfolio diversification to manage risk effectively. He also cautioned against falling for speculative “get-rich-quick” schemes, which can lead to financial losses.
In his address, Patel also highlighted the importance of staying updated on emerging regulations and ensuring compliance with tax obligations to safeguard investors’ legal standing.
As the crypto space continues to expand, Patel reiterated Mudrex’s commitment to providing a secure and user-focused platform, promoting responsible investing and sound financial practices in the digital asset market.
Founded by Edul Patel, Alankar Saxena, Rohit Goyal, Prince Arora, the Y-Combinator backed Mudrex has established a robust investing platform that can be used by both newcomers and seasoned investors. The US-headquartered and Bengaluru-based fintech startup aims to be the largest asset management platform for crypto.