Crypto Investing.

 Experts urge kids to learn about cryptocurrency investment by doing it themselves.

Cryptocurrency, blockchain, and non-fungible tokens, or NFTs, are all on the minds of today's financially smart teenagers.

Many of these nascent investors are unsure of how to begin investing in the frequently volatile asset sector.

New investors don't need to be afraid of cryptocurrencies, according to experts, but they should educate themselves on the asset class and take the required safeguards to avoid volatility.

During CNBC's Thursday event, "Money Without Borders: A Virtual Summit," a partnership between Invest In You and Junior Achievement, Brian Kelly, founder, and CEO of BKCM, LLC, said, "I say dive right in, but dive right in with the proper amount."

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How much should you invest?

Because cryptocurrencies are fresher than conventional investments like equities and bonds, they come with additional dangers, according to him. To mitigate this risk, Kelly recommends investing only a tiny portion of your whole portfolio in crypto.

"What I've always told most individuals with an investment portfolio is to put 5% or less of what they'd put in equities or bonds into cryptocurrency," he added. That way, if bitcoin doesn't turn out to be a successful gamble, you won't lose a lot of money, he explained.

"It's going to hurt," Kelly continued, "but it's not going to change your life."

On the other hand, if bitcoin continues to expand at an exponential rate, that initial 5% may become a significant component of your portfolio, he added.

"It's basically about your position size and risk management, just like any other investment," he added. "Where people make blunders is when they try to get money rapidly by being too large."

According to some experts, you should only spend what you're willing to lose.

"Never, ever, ever invest more money into something you don't completely understand or that has a high level of volatility," says Sam Bankman-Fried, CEO and co-founder of FTX Group.

How can I begin investing?

Once you've decided how much money you want to put into bitcoin or NFTs, you should spend some time learning everything there is to know about the assets.

According to Bankman-Fried, a part of that is experimenting with new goods and platforms.

Those who have been left behind have embraced the new money.

Mesidor Cleve

The Blockchain Foundation's executive director

"It's quite difficult to have a thorough knowledge of what cryptocurrencies, NFTs, platforms, exchanges, blockchains, and wallets are if you haven't utilized them," he stated.

For testing purposes, Bankman-Fried recommends creating a few separate accounts with tiny amounts of money at various locations. Then, he advised, using all of the accounts' capabilities to gain a feel of what it means to own various assets, buy and sell, and even submit a transaction on a blockchain.

"That will educate you a lot more about how the space works in the end than any amount of talking or reading will," he added.

The cryptocurrency's power

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Experts predict that cryptocurrencies and other digital assets will have a bright future because they will revolutionize the financial landscape by bringing financial services to people who have previously been excluded.

"We've seen grassroots initiatives that have advanced cryptocurrencies," said Cleve Mesidor, executive director of the Blockchain Foundation. "That's why you've seen populations that have been left out of the traditional financial system able to engage."

According to the Pew Research Center, Asian, Black, and Hispanic persons are more likely to have invested in or traded cryptocurrencies.

"Those who have been left out have embraced this new money," Mesidor explained. She also said that the turmoil in Ukraine has demonstrated how bitcoin may be a useful tool for war-torn victims who are unable to access money held in domestic institutions but can obtain cryptocurrency.

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