As investors seek innovative ways too enhance portfolio diversification, the relationship between cryptocurrency and gold becomes increasingly meaningful. Understanding how the BITO ETF captures this crypto-gold correlation can help you navigate market volatility and optimize your investment strategy. This article explores the role of BITO in balancing risk and opportunity in modern portfolios.
Understanding the BITO ETF: A Foundation for Investment in Crypto Assets
Investing in cryptocurrency has become an increasingly popular avenue for both seasoned investors and newcomers alike, but navigating this volatile landscape can be daunting. Enter the BITO ETF, a tool designed to bridge the gap between traditional investments and the burgeoning world of digital assets. This exchange-traded fund opens doors for investors who wish to gain exposure to Bitcoin without having to directly purchase and manage the cryptocurrency itself. Not only does this provide a layer of convenience, but it also plays into a broader strategy of diversification in investment portfolios.
What is the BITO ETF?
The BITO ETF,officially named the ProShares bitcoin Strategy ETF,launched in 2021 and was the first of its kind to offer exposure to Bitcoin via a traditional investment vehicle. Rather than holding Bitcoin directly,BITO invests in Bitcoin futures contracts. These contracts allow investors to buy or sell Bitcoin at a predetermined future date and price, offering a way to speculate on its price movements without direct ownership. This aspect alone makes the BITO ETF appealing to investors looking for a more regulated and less hands-on approach to cryptocurrency investment.
The Role of BITO ETF in Diversified Portfolios
Adding the BITO ETF to a portfolio can definitely help achieve diversification, which is critical for managing risk. Here’s how this ETF can contribute to a balanced investment strategy:
- Access to Emerging Markets: As digital assets like Bitcoin gain prominence,integrating an ETF like BITO can allow investors to capitalize on potential price movements within the cryptocurrency marketplace.
- Reduced Volatility Exposure: By investing in Bitcoin via futures contracts, investors can hedge against the inherent volatility associated with cryptocurrencies, as the ETF aims to mirror Bitcoin’s performance through structured contracts.
- Tax Efficiency: ETFs typically enjoy beneficial tax treatment compared to direct cryptocurrency investment,making BITO a tax-efficient choice for those looking to tap into the crypto market.
for investors looking to blend traditional investments with more speculative assets, the BITO ETF presents an intriguing option. Understanding how to strategically allocate resources within this framework can perhaps yield significant returns, especially during periods of high market activity. As you consider adding the BITO ETF to your portfolio, it’s essential to analyze its historical performance, the relationship it shares with Bitcoin, and the overall trend of cryptocurrency in relation to other asset classes like gold.
Exploring the Crypto-Gold Correlation
Investors frequently enough draw parallels between Bitcoin and gold, commonly referred to as “digital gold.” This correlation is critical for those considering the BITO ETF for a diversified portfolio,as both assets can behave differently under various market conditions.
| Factor | Bitcoin (BITO ETF) | Gold |
|---|---|---|
| Volatility | High | Low |
| Historical Returns | Increased rapidly post-2017 | Steady over decades |
| Market Sentiment | Strongly driven by tech and adoption | Influenced by inflation and geopolitical factors |
understanding the nuances of the BITO ETF, alongside its relationship to both Bitcoin and gold, allows investors to make informed decisions.By recognizing the potential of cryptocurrency to act as a hedge or complement to traditional assets, investors can craft more resilient portfolios to navigate the complexities of modern financial markets.
The Intriguing Relationship Between Bitcoin and Gold
The dynamic interplay between Bitcoin and gold has captivated investors and analysts alike, sparking discussions about their potential to hedge against market volatility and inflation.While both assets have established themselves as significant stores of value, their behaviors ofen contrast, leading to intriguing insights into how they can complement or compete with one another within diversified portfolios.
Understanding the Comparison
Gold has long been regarded as the ultimate safe haven asset, particularly during economic uncertainty. It serves as a safeguard against currency devaluation and inflation,and its intrinsic properties give it a historic precedent as a reliable form of wealth preservation. Conversely, Bitcoin emerged as a deflationary digital asset, frequently enough labeled “digital gold” for its limited supply and decentralized nature. Both assets have unique characteristics, yet their interactions are worth exploring, particularly through investment vehicles like the BITO ETF.
- Historical Stability vs. Volatility: Gold possesses a track record of stability, while Bitcoin is notorious for its price volatility. Despite its speculative nature, bitcoin’s value can surge dramatically in short periods, attracting those looking for higher returns.
- Inflation Hedge: Both assets are perceived to combat inflation; though, investors view them differently based on market trends. While Bitcoin may serve as a hedge for younger tech-savvy individuals, gold typically appeals to more traditional investment strategies.
- Market Behavior: the correlation between Bitcoin and gold often shifts.Historical data shows moments when they move in tandem, especially during economic downturns, and instances where Bitcoin outperforms gold, particularly when new investors flock to crypto.
allocating for Diversified Portfolios
Understanding the correlation between Bitcoin and gold is crucial for constructing a resilient investment strategy. Investors can leverage tools like the BITO ETF, which allows exposure to Bitcoin indirectly while maintaining a diversified asset approach that includes gold for stability. Here’s a simplified comparison of the two:
| Asset | Historical Use | Risk Profile | Liquidity |
|---|---|---|---|
| Gold | Safe haven, inflation hedge | Low to Moderate | High |
| Bitcoin | Speculative, limited supply asset | High | High |
Investors can adapt their portfolio allocations based on market conditions, balancing the steadiness of gold with the growth potential of Bitcoin. By integrating both assets, they can potentially enhance returns while safeguarding against downturns in either market. It’s essential to analyze both current economic trends and personal risk tolerance when considering investment strategies involving the BITO ETF and the interplay between Bitcoin and gold.
How BITO ETF Fits into a Diversified investment Portfolio
Investors are continually seeking avenues to enhance their portfolios, and the BITO ETF has emerged as a pivotal player in this dynamic landscape. Not only does it provide exposure to Bitcoin, but it also reflects correlations similar to traditional safe-haven assets, such as gold. This unique relationship enables prudent investors to diversify their holdings while potentially capitalizing on crypto market movements. Understanding how BITO ETF integrates into a well-structured investment strategy can equip investors with the insights needed to navigate the complexities of modern portfolios.
Integrating BITO ETF into Investment strategies
Adding BITO ETF to a diversified investment portfolio offers several compelling benefits, particularly for those looking to balance risk and reward. Here are some strategic considerations for its inclusion:
- Diversification: By incorporating BITO ETF, investors can achieve exposure to the high growth potential of cryptocurrency while mitigating risks associated with singular asset types.
- Risk Management: The inherent volatility of crypto can be counterbalanced by traditional assets. As a notable example,pairing BITO ETF with gold investments can stabilize overall portfolio performance during market fluctuations.
- Long-term Growth: While cryptocurrencies can experience short-term volatility, their long-term trajectory has shown significant growth potential. This allows BITO to act as a growth driver alongside more stable investments.
Evaluating Risk and Return Potential
Investors must evaluate the risk-return profile of BITO ETF when considering it for their portfolios. The following table summarizes potential risks and returns that investors might weigh when integrating BITO ETF:
| Factor | BITO ETF | Traditional Assets (e.g., Gold) |
|---|---|---|
| Volatility | High | Low to Moderate |
| Return Potential | High | Moderate |
| Correlation with Market conditions | Variable | Stable |
| Liquidity | High | Moderate |
This framework allows investors to make informed decisions, weighing the high volatility and growth potential of BITO ETF against its more stable counterparts. By understanding how BITO ETF aligns with goals for capital appreciation and how it fits within the broader strategy — particularly regarding the crypto-gold correlation discussed in “What is BITO ETF: Crypto-Gold Correlation for Diversified Portfolios” — investors can craft a more resilient and adaptable investment portfolio.
Evaluating the Risk and Reward: Insights on Crypto-gold Correlation
The dynamics of financial markets often reveal unexpected relationships, and one of the most intriguing is the correlation between cryptocurrencies and gold. Understanding this correlation can provide investors with critical insights into risk management and portfolio diversification. As central banks shift their monetary policies and investors look for refuge during market turbulence, the interplay between digital assets and traditional safe havens like gold becomes increasingly significant.
Exploring the Crypto-Gold relationship
Historically, gold has been perceived as a haven for preserving value in times of economic uncertainty, while cryptocurrencies, particularly Bitcoin, have emerged as speculative assets with high volatility. Interestingly, research indicates that they can exhibit both positive and negative correlations depending on market conditions. This dual nature should inform investment strategies, particularly for those considering incorporating BITO ETF into their portfolios.
- Positive Correlation Scenario: When uncertainty looms in global markets, both gold and cryptocurrencies may rally as investors seek refuge, thus showing a tendency to rise together.
- Negative Correlation Scenario: Conversely, during periods of investor optimism and risk-on sentiment, cryptocurrencies may surge while gold prices drop, leading to a notable divergence in their movements.
Given such complexities, it is essential for investors to actively monitor market signals that may affect this correlation. A practical approach can involve:
Practical Steps for Investors
- Stay Informed: Regularly track economic indicators, regulatory news, and market sentiment to gauge shifts in the crypto-gold correlation.
- Diversify Strategically: Utilize BITO ETF as a means to gain exposure to Bitcoin while balancing it with gold investments to enhance overall portfolio resilience.
- Adjusting for Volatility: Consider employing stop-loss orders or hedging strategies if the correlation appears to weaken during tumultuous market phases.
Using a diversified strategy by combining both gold and cryptocurrencies could mitigate risk while capitalizing on potential market movements. Understanding how economic events influence the crypto-gold correlation is crucial for informed investment decision-making.
| market Condition | Correlation Type | Potential Investor Action |
|---|---|---|
| High Uncertainty | Positive | Increase allocation to both assets |
| Investor Optimism | Negative | Review and potentially consolidate positions |
In sum, a nuanced understanding of the crypto-gold correlation allows investors to navigate the volatile landscape of digital assets more effectively, particularly in the context of diversified portfolios. By following these insights and adapting to changing market dynamics, investors can harness the potential benefits while managing associated risks effectively.
The Role of Technology in Shaping Modern Investment Trends
The transformation of investment landscapes in recent years can be attributed substantially to advancements in technology. As investors increasingly seek innovative ways to diversify their portfolios, tools such as the BITO ETF illustrate the powerful intersection where technology and investment strategies meet. This exchange-traded fund not only opens doors to cryptocurrency investment but also emphasizes the correlation between digital assets and traditional stores of value, such as gold.
Emergence of Crypto-Based Investment Vehicles
The arrival of crypto-focused funds, like the BITO ETF, demonstrates the rapid evolution of investment products enabled by technology. These offerings are designed to provide investors with exposure to cryptocurrency markets without requiring direct investment in the digital currencies themselves. This vehicle appeals to a broader audience, particularly those hesitant about directly holding cryptocurrencies due to security concerns or volatility.
- Enhanced Access: Technology facilitates easier entry into complex markets, allowing retail investors to tap into diversification options previously available primarily to institutional players.
- Real-time Data Analysis: Investors now have access to extensive analytics and insights, enhancing decision-making processes regarding investments in crypto and gold.
- Automated Trading Tools: Algorithms and automated trading solutions have simplified the execution of trades, ensuring that investors can react swiftly to market changes.
The Dynamic Relationship Between Crypto and Gold
The BITO ETF illustrates a key investment trend: the correlation between cryptocurrency and gold as alternative assets amid traditional market fluctuations. As investors look to hedge against inflation and economic uncertainty, they are increasingly considering the intersection of these two assets. Technology plays a critical role in this dynamic, providing platforms for monitoring price movements, correlations, and trends across these investments.
| Investment Type | Current Trends | Risk Factors |
|---|---|---|
| BITO ETF | Increased adoption among retail investors | Volatility of underlying crypto assets |
| gold | Steady demand during economic downturns | Geopolitical risks impacting supply |
Investors today are empowered with not only the knowledge of these relationships but also the tools to leverage them effectively. By integrating technology into their investment strategies, they can create diverse portfolios that balance potential risks while exploring new opportunities across asset classes, paving the way for future innovations in the investment domain.
Navigating Market Volatility: The Case for a Balanced Approach
Amidst the unpredictable waves of financial markets, investors often find themselves grappling with uncertainty.The question isn’t just how to survive—it’s about thriving in conditions that can swing wildly. Enter the notion of a balanced investment approach, particularly relevant when we explore the dynamics of instruments like the BITO ETF and its interplay with assets like gold. Understanding how to navigate market volatility requires not only insights into specific investments but also a strategic mindset aligned with the principles of diversification.
Understanding the Crypto-Gold Correlation
One cornerstone of a balanced strategy lies in leveraging the unique relationship between cryptocurrencies and gold. Historically,these assets have exhibited varying degrees of correlation; however,the recent surge in cryptocurrencies’ popularity has introduced interesting shifts in this relationship. For example, during periods of economic uncertainty, gold traditionally serves as a safe haven, while cryptocurrencies might exhibit increased volatility driven by market sentiment. By integrating both the BITO ETF, which tracks Bitcoin futures, and gold into a portfolio, investors can potentially cushion against extreme movements.
| Asset | Typical Behavior | Risk Level |
|---|---|---|
| BITO ETF | High volatility, potential for significant gains | High |
| Gold | Stabilizing asset during market downturns | Low to Moderate |
implementing a Diversified Strategy
To capitalize on the benefits of both assets while minimizing risks, here are practical steps to consider when creating a diversified portfolio:
- Allocation Strategy: Determine an effective allocation that reflects your risk tolerance.For instance, a higher percentage in gold can buffer against the high volatility associated with BITO ETF.
- Regular Rebalancing: Set a schedule to review and rebalance your portfolio, allowing you to adjust for changes in volatility and market conditions.
- stay Informed: Keep track of market trends, economic indicators, and news surrounding cryptocurrencies and gold, adapting your strategy as necessary.
Additionally, utilizing financial tools or insights from investment experts can offer deeper understanding and guidance. A balanced portfolio that incorporates both volatility and stability may help navigate turbulent times effectively, allowing investors to remain composed and prepared for future market fluctuations. By recognizing and applying the principles illustrated in strategies involving the BITO ETF and gold, investors can build resilience into their financial plans.
strategies for Incorporating BITO ETF into Your Financial Planning
Incorporating the BITO ETF into your investment strategy can be a compelling way to enhance portfolio diversification and harness the dual benefits of cryptocurrency and gold-like exposure. As interest in digital asset investment grows, savvy investors are looking for innovative ways to navigate these waters. Given the unique correlation between Bitcoin and gold outlined in *What is BITO ETF: Crypto-Gold Correlation for Diversified Portfolios*, a strategic approach will ensure you maximize potential returns while managing risk effectively.
Understand Your Investment Objectives
Before purchasing BITO ETF shares, it’s crucial to assess your investment goals and risk tolerance. Recognizing your primary reasons for investing will help you frame your overall strategy. For instance:
- If you seek long-term growth, consider allocating a greater percentage of your portfolio to BITO ETF, balancing it with traditional asset classes to mitigate volatility.
- For those with a short-term focus, using BITO as a tactical tool to capitalize on market trends in cryptocurrency while being ready to pivot can be beneficial.
- Investors leaning towards wealth preservation may appreciate BITO’s correlation with gold, using it as a hedge against economic downturns.
Diversification Through Strategic Asset allocation
Incorporating the BITO ETF should be a thoughtful process involving a diversified asset allocation plan. This means not only blending BITO with traditional assets like stocks and bonds but also understanding how it behaves in various market conditions. Here’s a suggested framework for diversification:
| Asset Class | Target Allocation (%) | Purpose |
|---|---|---|
| BITO ETF | 5-15 | Exposure to cryptocurrency market |
| Equities | 40-60 | Growth potential |
| Bonds | 20-30 | Stability and income |
| Commodities (Gold) | 5-10 | Hedge against inflation |
Depending on market conditions, these allocations might shift; regular portfolio reviews will allow you to adjust based on performance and changing economic landscapes.
Monitoring and Adjusting Your Strategy
the dynamic nature of cryptocurrencies necessitates ongoing review and adjustment of your investment strategy. The correlation between bitcoin and gold provides an opportunity to capitalize on market movements,but it also requires vigilance:
- Set specific benchmarks for BITO’s performance,and compare them against broader crypto and gold market indices.
- Implement stop-loss orders to manage downside risk effectively, protecting your capital without frequent manual intervention.
- Stay informed on regulatory changes and market developments in both the cryptocurrency space and the gold market that could impact correlated movements.
By integrating BITO ETF thoughtfully into your financial planning, you not only embrace innovation but also position yourself to potentially enhance your portfolio’s risk-return profile in a rapidly evolving market landscape. Understanding its implications can yield ample insights,making it a valuable asset for the forward-thinking investor.
The Historical Context: Gold and Bitcoin as Safe havens
The notion of safe havens in times of economic uncertainty has evolved significantly over the centuries, with gold traditionally reigning supreme. however, the advent of cryptocurrencies, particularly Bitcoin, is challenging this long-held belief. Historically, investors have relied on gold for its intrinsic value and role as a hedge against inflation and currency devaluation. As economic landscapes shift and digital currencies gain traction, it becomes crucial to examine the historical context that positions both gold and Bitcoin as viable safe havens.
Historically,gold has been a cornerstone of wealth preservation for millennia. Its physical properties—scarcity, divisibility, and durability—make it an attractive asset during economic downturns. During events like the 2008 financial crisis, investors flocked to gold, pushing its price to new heights. In addition, geopolitical tensions often lead to increased gold demand as a protective measure against instability. The long trajectory of gold as a reliable store of value is frequently contrasted with the relatively short history of Bitcoin, which emerged in 2009 amid the global financial crisis as a decentralized form of currency designed to bypass traditional banking systems.
As Bitcoin solidifies its position, it mirrors gold with unique advantages of its own. Unlike gold, which requires physical storage and carries transportation costs, Bitcoin allows for ease of transfer across borders without the need for intermediaries. This characteristic makes Bitcoin particularly appealing during times of crisis when liquidity might be tight. The growing adoption of Bitcoin as an asset class has been bolstered by institutional interest, evidenced by products like the BITO ETF, which provides traditional investors with exposure to Bitcoin without the complexities of owning the cryptocurrency directly.
Comparative Analysis of Gold and Bitcoin
To understand their correlation, it’s essential to analyze their performance during various economic cycles. The table below illustrates the contrasting behaviors of gold and Bitcoin during recent financial fluctuations:
| Year | Gold Price Change (%) | Bitcoin Price Change (%) | Economic Event |
|---|---|---|---|
| 2008 | +3.5% | N/A | Global Financial Crisis |
| 2020 | +25.12% | +305.33% | COVID-19 Market Shock |
| 2022 | -0.2% | -64% | Rising Inflation |
These data points demonstrate how, while both assets serve as refuges, their responses to market pressures can diverge significantly. Investors looking to create a diversified portfolio that includes both gold and Bitcoin could enhance their resilience against economic disturbances. The strategic incorporation of these assets encourages a balanced approach towards wealth preservation and potential growth as the financial landscape continues to evolve.
Future Outlook: What Investors Can Expect from BITO ETF and Gold
Investors gearing up for the future are faced with complex decisions that involve navigating through volatile markets. As interest in cryptocurrencies continues to surge, many are turning their attention to innovative financial products like the BITO ETF, which is designed to capitalize on the growing demand for exposure to Bitcoin without the challenges of direct cryptocurrency investment. Given the unique position of BITO ETF as well as rising investment in gold, understanding their future trajectories can provide essential insights for a diversified investment portfolio.
Understanding the BITO ETF’s market Position
the BITO ETF has emerged as a popular choice for those looking to invest in bitcoin, particularly because it allows investors to gain exposure to one of the most talked-about digital assets without needing to purchase and store Bitcoin themselves. Though, as the cryptocurrency market is notoriously volatile, fluctuations in Bitcoin prices can significantly impact the ETF’s performance.Investors can expect:
- Increased Adoption: As more financial institutions and retail investors enter the crypto space, BITO ETF may see increased capital inflows, driving its price upwards.
- Market Regulation: With potential regulatory frameworks developing around cryptocurrencies, the landscape could become more stable, potentially benefiting the ETF.
- Technological Evolution: Advances in blockchain technology and digital assets may enhance the credibility and performance of both BTC and BITO ETF.
For investors interested in crypto-gold correlation, the BITO ETF offers an opportunity to diversify portfolios. the historical trend shows that Bitcoin has often behaved like a risk asset, while gold is seen as a safe haven. During economic downturns, gold tends to hold its value better than cryptocurrencies, which can see dramatic price swings.
Gold as a Counterbalance in Investment Strategy
Investing in gold continues to be a time-honored strategy for preserving wealth and hedging against inflation. As central banks around the world increase their gold reserves, the precious metal’s role in investment portfolios is becoming more pronounced. As illustrated in the following table, historical trends indicate that gold can provide a stabilizing effect when paired with high-volatility assets such as crypto:
| Year | Bitcoin Performance (%) | Gold Performance (%) |
|---|---|---|
| 2021 | +59.8 | +25.2 |
| 2022 | -64.0 | +18.3 |
| 2023 | +40.0 (to date) | +8.0 (to date) |
This table showcases how gold can hedge against significant declines in Bitcoin prices,allowing investors to mitigate risk while still capitalizing on potential rewards from cryptocurrency investments.
investors can strategically position themselves for the future by leveraging both the BITO ETF and gold in their portfolios.The combination aims to harness the high-growth potential of Bitcoin along with the stability that gold offers, resulting in a well-rounded investment strategy that addresses risk while promoting diversification in the evolving financial landscape.
Q&A
What is BITO ETF: Crypto-Gold Correlation for Diversified Portfolios?
The BITO ETF is an exchange-traded fund that enables investors to gain exposure to Bitcoin while exploring its correlation with gold. This correlation assists in building a diversified investment portfolio,balancing risk and potential returns.
Investing in the BITO ETF allows you to indirectly participate in the performance of Bitcoin without needing to manage actual cryptocurrencies. additionally, by analyzing the crypto-gold correlation, investors can better gauge how diversifying into these assets might stabilize portfolio performance during market fluctuations. Understanding this correlation can enhance strategic decision-making.
How does BITO ETF relate to gold investments?
The BITO ETF allows investors to explore the relationship between bitcoin and gold, often seen as safe-haven assets. This relationship can inform investment strategies and enhance portfolio diversification.
As Bitcoin becomes increasingly recognized, investors are looking for correlations with traditional assets like gold. Understanding this relationship can help investors make informed decisions about asset allocation in a diversified portfolio. For a deeper dive into asset correlations, check out our article on asset correlation strategies.
Why does the crypto-gold correlation matter for diversification?
The crypto-gold correlation is crucial as it helps investors understand how Bitcoin and gold interact during market changes. A strong correlation means they often move in tandem,which affects diversification strategies.
If Bitcoin significantly rises or falls while gold remains stable, having both assets in a portfolio could mitigate overall risk, ensuring better performance during downturns. Evaluating this correlation helps investors construct resilient portfolios that can withstand volatility.
Can I include BITO ETF in my investment strategy?
Yes, including the BITO ETF in your investment strategy can be beneficial, particularly if you seek exposure to cryptocurrency while managing risk through gold investments. This blend could produce a balanced approach.
investors can gain from potential growth in the crypto space while ensuring some degree of stability through gold.However, it is vital to assess your risk tolerance and investment goals before incorporating this ETF into your portfolio.
What are the risks associated with investing in BITO ETF?
Investing in the BITO ETF carries risks, including market volatility and regulatory changes affecting Bitcoin.These factors can influence the ETF’s performance and impact overall portfolio stability.
While diversifying with gold can reduce some risks, the inherent volatility of cryptocurrencies means significant price swings can occur. Understanding these risks is essential for informed decision-making and aligning investments with your financial objectives.
How can I assess the performance of BITO ETF in my portfolio?
To assess BITO ETF’s performance, monitor its returns relative to gold and overall market indices. This can help evaluate its effectiveness as a diversifying asset in your investment strategy.
Utilizing tools such as performance analytics, investors can track the BITO ETF’s price movements and correlations with gold prices to gauge its impact on portfolio performance. For more insights on performance measurement, explore our resource on measuring investment performance.
wrapping Up
As we’ve explored the intricate relationship between the BITO ETF and the performance of gold in diversified portfolios, it’s clear that understanding these connections is essential for any investor looking to navigate today’s complex financial landscape. The BITO ETF offers a unique opportunity to tap into the growing crypto market while potentially mitigating volatility through its correlation with gold. By leveraging this interplay, discerning investors can construct well-rounded portfolios that capitalize on both traditional and innovative asset classes.
We encourage you to delve deeper into the dynamics of this correlation and consider how these insights can inform your investment strategies. Whether you are a seasoned investor aiming to optimize your portfolio or someone simply curious about the fusion of cryptocurrencies and gold, there is much to discover. Explore further, ask questions, and engage with the rich tapestry of investment possibilities that lie ahead. your financial future can be brightened not just by understanding these correlations, but by actively participating in the conversation surrounding them.
