TD₿: Getting Off Zero: Bitcoin's Role in Modern Investment Portfolios by Jack Neureuter
TL;DR “Getting off zero” with Bitcoin is arguably one of the most important modern-day investment decisions for those who have not considered it.
Hey Bitcoiners,
The first thing I saw this morning was this video from Ray Dalio at Davos giving his opinion on Bitcoin.
It seems Ray has warmed up to Bitcoin as digital gold and still owns it as a tiny percentage of his portfolio.
Despite owning some bitcoin, Ray showed that he still has some studying to do. He thought there was innovation “in blockchain” which is a red flag for anyone in the industry. The only actual use case for a blockchain is decentralized money, aka Bitcoin.
Ray says the big question for investors to ask themselves in these uncertain times is “what is the new money?” He then goes on to say Bitcoin has “made a tremendous achievement over the last eleven years.”
No matter how you feel about Ray Dalio, he remains an influential figure in the world of finance and runs the largest hedge fund in the world. He’s so close to understanding that Bitcoin is the new money, but he still isn’t fully there yet.
But the point he makes is a good one — Bitcoin has a place in a well-diversified portfolio.
This report from Fidelity’s Jack Neureuter remains relevant today and is a good overview of how Bitcoin fits into a modern-day portfolio. (09/01/2021)
Like Dalio alludes to, in these rapidly changing times, Bitcoin belongs in every investor’s portfolio as a way to diversify and decrease risk.
Tick tock next block,
Cory Klippsten
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Quote of the Day
“Owning zero bitcoin is definitely the wrong allocation regardless of risk appetite.” - DrBitcoinMD, Bitcoiner
Meme of the Day
Owning zero bitcoin is definitely the wrong allocation regardless of risk appetite.