Forget the Bitcoin price! Here’s how I’d invest money in cheap UK shares to get rich

first_img I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. See all posts by Peter Stephens Enter Your Email Address Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Image source: Getty Images. Our 6 ‘Best Buys Now’ Shares The Bitcoin price has risen 115% in 2020. By contrast, many cheap UK shares have recorded major declines. As such, the virtual currency may seem more appealing than a basket of FTSE 100 and FTSE 250 shares.However, the prospect of a long-term stock market recovery following the recent crash means that today’s undervalued shares could deliver impressive capital returns.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…As such, investing money in a diverse range of high-quality British shares could be a more profitable long-term move than purchasing Bitcoin.Buying cheap UK shares for the stock market recoveryBuying cheap UK shares could produce impressive returns in a long-term stock market recovery. After all, indexes such as the FTSE 100 and FTSE 250 have always successfully returned to record highs following their previous bear markets and crashes.However, buying high-quality companies at low prices could be an even more profitable strategy. Businesses with competitive advantages may be better placed to benefit from increasing consumer confidence and an economic recovery. Similarly, companies with spare cash could use it to strengthen their market position through acquisitions or investment in new products.Therefore, considering the quality of a business as well as aiming to buy cheap UK shares could be a means of generating stronger returns. It may also mean less risk, since stronger companies could be less likely to fold under a tough set of economic conditions.Building a diverse portfolio of FTSE 100 and FTSE 250 sharesIt’s possible to build a diverse portfolio of cheap UK shares. The dealing costs within ISAs are often relatively low. Services such as regular investing may also be available that further reduces commission costs.Diversifying not only reduces risk through being less reliant on a small number of companies for returns. But it also provides access to a wider range of growth opportunities. This may be especially relevant at the present time. That’s because it’s currently difficult to know which sectors will recover quickest after the 2020 stock market crash. As such, a diverse portfolio of stocks may offer greater long-term growth prospects in an uncertain period for the world economy.Bitcoin’s long-term prospectsOf course, Bitcoin doesn’t offer the diversification benefits of cheap UK shares. Furthermore, the virtual currency’s price is based solely on investor sentiment rather than fundamentals. This makes it more difficult to ascertain whether its price factors in risks such as regulatory threats and a limited infrastructure.Therefore, investing money in a diverse range of high-quality FTSE 100 and FTSE 250 shares ahead of a likely economic recovery could be a better option from a risk/reward perspective. Doing so, could produce a surprisingly large nest egg in the long run. It could also minimise risk in what could prove to be an uncertain economic period over the coming months. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! “This Stock Could Be Like Buying Amazon in 1997” Forget the Bitcoin price! Here’s how I’d invest money in cheap UK shares to get rich Peter Stephens | Wednesday, 11th November, 2020 I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. 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