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CNBC Analyst Jon Najarian Reveals Bitcoin and Crypto Portfolio, Says Wealthy Investors Want to Keep BTC a Secret – For Now

CNBC Analyst Jon Najarian Reveals Bitcoin and Crypto Portfolio, Says Wealthy Investors Want to Keep BTC a Secret – For Now

CNBC contributor and options trader Jon Najarian says he believes most institutional investors will work to stay under the radar as they accumulate Bitcoin.
In a new interview with Morgan Creek Digital co-founder Anthony Pompliano, Najarian unveils his personal crypto portfolio and says he’s a big believer in BTC.
“On a monthly basis, I probably have between 5% and 10% in digital assets, and almost all of it’s Bitcoin. A little Ethereum, but mostly Bitcoin. I’ve got a little Litecoin, a little Stellar, but really I’m about Bitcoin. I’m there because guys like yourself, guys like Peter Briger over at Fortress, really got me psyched about it…
I first got involved at about $300, realized I didn’t know what the hell I was doing, didn’t get involved again until it was closer to $1,700. So I missed an awful lot of that and I didn’t sell when it got over $18,000 or $19,000. I didn’t liquidate. I would have looked like a genius if I did.”
Najarian highlights institutional investments in BTC from billionaire investors such as Marc Lasry, who has said he has 1% of his assets in the leading cryptocurrency. According to Najarian, big players on Wall Street will increasingly invest in Bitcoin and keep it quiet until they hold a significant position.
“I think a lot of them will want to keep it quiet as they’re getting in, because they’ll run it. I don’t mean that they’ll run in terms of how [Bitcoin] operates. I mean they’ll push the price too far too fast. So the exact same guys that know that you don’t want Goldman knowing that you’re buying FireEye or Uber or Microsoft, because they’ll run it ahead of you. Those same guys are sitting there thinking I really like this play in Bitcoin here, but I’m not going to say a lot about it until I’ve got enough of this stuff, because we both know that blocks of it stand out and so they’ve got to stay under the radar with these accumulations.”
In the long run, Najarian says Bitcoin will benefit from dollar debasement, noting he believes BTC has a lot more room to grow.
“I think it’s still just got a foothold that’s this big compared to everything else, compared to gold, compared to stocks, compared to futures… It hasn’t hurt the dollar yet, but eventually what we’re doing is going to hurt the dollar and it’s going to hurt my kids. It’s going to hurt for years out into the future, all this printing of additional capital. And that’s what I love about digital assets like Bitcoin.”

Check Latest News Headlines Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
The post CNBC Analyst Jon Najarian Reveals Bitcoin and Crypto Portfolio, Says Wealthy Investors Want to Keep BTC a Secret – For Now appeared first on The Daily Hodl .

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