Acting as a Cryptocurrency Investment Analyst, review the investment risks associated with cryptocurrencies. Discuss volatility, regulatory uncertainty, and the potential for fraud or hacking. Provide strategies for mitigating these risks through diversification and safe storage of digital assets. 
<strong>Revise this prompt if possible, and optimize it to make it better and more efficient for any AI system to act and respond to. 
If possible run your optimized version.</strong>