Bitcoin has gone over $100,000 this year, and some analysts are predicting even bigger gains next year. With this, many financial advisors are recommending at least some caution, while investing in cryptocurrencies and making sure only a small portion of your overall portfolio is being used for investment.
Well we can take it that the term "Cryptocurrencies" relates to all other $hitcoins and unfortunately
all too often Bitcoin in included in these statements eventhough it is a "cryptocurrency"
So with that I will move on and talk exclusively about Bitcoin.
Asset manager Blackrock recommends a 1-2% allocation to bitcoin in a portfolio that otherwise consists of a traditional stock/bond allocation due to bitcoin’s volatility. Experts like Malcolm Ethridge and David Rosenstrock weigh in on the risks and rewards of investing in bitcoin, emphasizing that it’s important to know why you want to invest. Buying bitcoin directly, investing in an ETF, or buying shares in companies that trade bitcoin each involve a number of different considerations. New investors should consider ETFs as a beginner-friendly option, but experienced investors like Douglas Boneparth prefer to hold bitcoin directly, for more control and security.
Firstly I wouldnt listen to what any traditional investor says when it comes to being conservative about
getting into Bitcoin. I am 99% in Bitcoin, If I had listened to all the critics through the years and only
gone in 2% I would have exactly 97% less of the most important and rarest capital on the planet.
Bitcoins Volatility? they are still making it sound like a negative aspect when in fact as Michael Saylor points
out Volatility is a feature.
The traditional investor is an investor who doesn't need something new - he already has his golden age and tools to work with. His rules to follow. His bias towards others.
Bitcoin is the future.