latest World Crypto News

Search and discover the latest Cryptocurrency updated Stories in Categories

24-7 World Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources

Fidelity Investment Officer Talked About Bitcoin – “Even a Small Share…”

At the 2024 Vision conference, a cryptocurrency investment conference for advisors hosted by the Digital Assets Council of Financial Professionals, Matt Horne, head of digital asset strategies at Fidelity Digital Assets, advocated for a small allocation to Bitcoin in investment portfolios.
Horne suggested that some investors may be overcomplicating their approach to Bitcoin. He argued that regardless of an investor's specific thesis on BTC, a small portfolio allocation is likely appropriate. “You can have more than one investment thesis on Bitcoin, and that's okay,” Horne said.
He added that most investors are saving money to achieve a long-term goal such as retirement, and that a non-zero position in Bitcoin could make sense for many clients given a long-term horizon and appropriate position sizing for their risk.
Bitcoin ETFs entered the US market almost six months ago, providing advisors with regulated funds to direct their wealthy clients to invest in Bitcoin. However, many people have avoided investing for a variety of reasons, from high volatility to mistrust, lack of understanding of the asset class, regulation, and lack of track record. Horne believes all of these arguments are valid whether an investor views BTC as disruptive technology, venture investment, or digital gold.
“If (in the worst case) it goes to zero, the impact on the broader portfolio will be minimal due to the size of that condition,” Horne explained. “If it does what most of us expect, it increases in value over time, then you want to ensure that your clients are exposed to that risk.” .”
Related News: JUST IN: Ripple CEO Brad Garlinghouse Talks About XRP ETFs - Gives a Date
Horne acknowledged that Bitcoin's short lifespan, being about 15 years old and probably only worth tracking in the years after 2015, makes modeling it nearly impossible. But he doesn't see this as a problem. The important thing, he says, is that advisors and investors are educated about this new area of investing. “With digital assets, you don't have that luxury, and I think that's okay,” he added.
*This is not investment advice.
Continue Reading: Fidelity Investment Officer Talked About Bitcoin – “Even a Small Share…” shares this Contents always with License.

Thank you for Share!



Search about Crypto News


The latest Top News, only from Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed simple and intuitive, usable by all Devices, fast and effective.


Today Most Popular News