Cryptocurrency is like penny stocks in the 1990’s. There is risk, meaning you can lose your investment, and there is potential for reward, meaning you can make big money. Think of bitcoin in December of 2017, when it reached a high of almost $20,000 per BTC!
Cryptocurrencies do not have a long history, and have a lot of volatility (at the present time). I would consider the investment across a few cryptocurrencies or several Blockchain companies (as example: BTCS, BLOK, RIOT, BCCN – These are publicly traded) as a watchable trade or small investment, not a diversification move.
If you do consider Cryptocurrency as a diversification move, please don’t commit more than a small percentage of your assets to this emerging asset class – and certainly not more than you are willing to lose.
Cryptocurrency is starting to emerge as an “Asset Class”, but it is not there yet. The old adage is “Bulls make money, Bears make money, Pigs get slaughtered” – and my addition, “Missionaries get eaten”. Don’t be the first missionary in this asset class; take a slow and measured approach.
Don’t just take my opinion:
Bitcoin: Mastering Bitcoin For Beginners: How You Can Make Insane Money Investing and Trading in Bitcoin (Bitcoin Mining, Bitcoin trading, Cryptocurrency, Blockchain, Wallet & Business)
Best of luck to you, and may your portfolio go TO THE MOON!
The Last Word:
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Disclaimer: This answer is offered as opinion and is not a recommendation on investing. Please consult knowledgeable advisors and professionals you trust when seeking investment advice. I currently own BTCS, and just exited a position in RIOT. I also own some Bitcoin and Litecoin.