Two pensioners decided to invest their savings in Bitcoin and Ethereum

An elderly couple from the UK say they only own the first cryptocurrency and Ethereum (ETH) in their investment portfolio.

The pensioners reported this in a letter to The Telegraph .

“We are a couple - a retired teacher, 61 years old, and a still working teacher, 57 years old, with two adult independent children. Our net profit is £48,000 per year,” the letter says.

In total, they hold £900,000 worth of Bitcoin and £194,000 worth of Ethereum in the cold wallet, as well as £150,000 in cash.

Pensioners turned to the British publication for recommendations given by expert Victoria Scolar. She responded by saying that their portfolio "would give most financial advisors a heart attack."

“To me, this is like a ticking time bomb that puts you in danger of losing those hard-earned funds if you don't take decisive action as soon as possible,” Scolar said.

She pointed out that the pair's funds are not diversified and are subject to high volatility. In her opinion, pensioners should sell digital assets, since the growth of the crypto market this year has allowed them to take profits.

Scolar recommended investing 40% of the money received in various stocks and another 40% in bonds, and also think about buying real estate.

“Given Bitcoin's triple-digit percentage gains this year, it's easy to understand the appeal of cryptocurrencies. However, it's harder to remember that there are serious risks that could put your wealth at risk,” she warned.

Earlier, the founder of the Eight trading platform, Michael van de Poppe, called on market participants to “take” money from banks and invest it in hard assets like gold, silver, Bitcoin and other cryptocurrencies.

Bestselling author of Rich Dad Poor Dad and entrepreneur Robert Kiyosaki also advised investing in precious metals and the first cryptocurrency amid rising inflation in the United States.

Let us remind you that in July, an online carpet store from the UK, Flooring Hut, converted its cash reserves into digital gold. The firm decided not to keep the funds in a bank account because Bitcoin may offer better earnings potential.