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Maintaining a strong and secure financial situation is a challenge for many people, especially those who are part of the bitcoin (BTC) and cryptocurrency ecosystem. That's why Ethereum co-creator Vitalik Buterin released four financial tips that can be helpful.
Via X (formerly Twitter), Buterin, who is one of the main developers behind the second-most valued blockchain on the market, urged investors to turn to diversifying revenue and investment sources. This, as a first piece of financial advice. In his opinion, it is "good" to have different sources of income if the objective is a solid and secure financial situation.
With this recommendation, Buterin calls for not just having a single source of income. Without mentioning it explicitly, the specialist advises turning to other mechanisms with which profits can be obtained. Some of them could be investments in cryptocurrencies or even the stock market.
With his advice on diversification, Buterin contrasts with the comments of financial influencer @alex_avoigt, who assured X that people "should be careful with the diversification" of their portfolios and with those who recommend this move.
Another piece of advice Buterin gives to investors and the general public is to save. An action that he highlights, since "financial security is freedom". As the Russian-Canadian computer scientist sees it, people should save up to the point where they have to cover "several years of expenses."