Cryptocurrencies have come a long way over the last few years, so much so that their market capitalization is now above the $2 trillion mark, and large businesses including Tesla and MicroStrategy have invested billions in Bitcoin (BTC).

While institutional investments in crypto assets have been growing over the last few years, discussion on how retail investors should approach cryptocurrency investments has dominated social media. While some advocate for all-or-nothing bets on small-cap altcoins, more conservative approaches include investing only in Bitcoin or gaining exposure via indexes.

Younger generations are more prone to investing in cryptocurrency, with surveys showing that 83% of millennial millionaires now own crypto. But, what about those who aren’t millionaires and are making average salaries? Should cryptocurrencies even be considered at all?

Cointelegraph reached out to various experts to find out how they believe someone with an average American salary of between $45,000 to $50,000 a year should approach cryptocurrency investing.

Paying yourself first 

Traditional personal finance wisdom suggests that before creating a portfolio, investors should accumulate a few months’ worth of living expenses in cash to prepare for a rainy day. How those funds should be saved varies depending on who’s giving the advice, but one common theme is paying yourself first.

Former U.S. President Barack Obama Obama at a Missouri home in 2010. “Kitchen table issues” is an American phrase that refers to taxes, investments, retirement and other everyday concerns. Source: Jewel…

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