• Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
Sunday, September 24, 2023
  • Login
  • Register
Coin24h.com
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
No Result
View All Result
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
No Result
View All Result
Coin24h.com
No Result
View All Result
Ledger Nano X - The secure hardware wallet
ADVERTISEMENT

Wall Street investor advises more investors to put a few percent into Bitcoin

17 January 2021
in Bitcoin
Reading Time: 2 mins read
A A
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter
cryptotrader
ADVERTISEMENT


A large narrative over the past few months is the introduction of institutional capital to the Bitcoin space.

It began in 2020 with Paul Tudor Jones, a billionaire Wall Street investor who put a few percent of his fund into BTC futures. He did this in preparation for the May halving, writing that Bitcoin’s scarcity will make it the “fastest horse in the race” in a world where there is rampant inflation.

Related articles

Six And Counting: The Global Bitcoin Billionaire Phenomenon Unveiled

Six And Counting: The Global Bitcoin Billionaire Phenomenon Unveiled

23 September 2023
How Has The Fed’s Decision Impacted The Bitcoin Price? Crypto CEO Weighs In

How Has The Fed’s Decision Impacted The Bitcoin Price? Crypto CEO Weighs In

22 September 2023

Jones’ peers on Wall Street followed suit.

[crypto-donation-box]

Many macro investors, who are known for making asymmetric bets like BTC and crypto is, have since bit the Bitcoin pill. Family offices, too, are starting to making allocations to Bitcoin as they look to diversify out of overvalued assets.

Yet not all of Wall Street is in on Bitcoin.

Case in point: Fidelity Investments alone has more than $3 trillion in assets under management, which is three times the market capitalization of the cryptocurrency space.

Guggenheim Investments CIO Scott Minerd, who recently caught the Bitcoin bug, said in a recent interview that more investors should allocate a small amount of their portfolio to this space.

Bitcoin should be bought by most investors

Speaking to Bloomberg in an interview published Friday, Minerd commented that most if not all investors should have a few percent of their portfolio in Bitcoin. He said:

“2% of your portfolio will be 20% of your portfolio before this is over. So, you don’t want to get too overweight, but certainly an allocation of a couple % of your portfolio seems to be a prudent play.”

The comment basically implies that BTC could appreciate 1,000 percent in the coming years to bolster small allocations to Bitcoin to larger ones.

This is similar to comments made by investors such as Tudor Jones. They say that having Bitcoin in your portfolio is a rational bet due to the extreme overpricing in other asset classes and the vast amount of inflation taking place in the economy and in financial markets.

Minerd caveated his interview, though, by stating that he thinks Bitcoin is currently in a short-term “speculative frenzy” or mania.

He specifically pointed to the fact that crypto exchanges such as Coinbase and others are being overloaded to the point where they seriously cannot operate and have had to limit some demand.

Cryptohopper
ADVERTISEMENT

Bitcoin may not have topped yet, though. As reported by CryptoSlate previously, the cryptocurrency held a key technical support level during Monday’s correction.

Posted In: Bitcoin, Analysis

Like what you see? Subscribe for daily updates.



Source link

Tags: AdvisesBitcoininvestorinvestorspercentputStreetWall
Share76Tweet47
Ledger Nano X - The secure hardware wallet
Previous Post

Will XRP Recover in 2021?

Next Post

XRP, Tron, Dogecoin Price Analysis: 17 January

Related Posts

Six And Counting: The Global Bitcoin Billionaire Phenomenon Unveiled

Six And Counting: The Global Bitcoin Billionaire Phenomenon Unveiled

23 September 2023
0

According to Henley & Partners’ 2023 Crypto Wealth Report, around 500 million people have made cryptocurrency investments globally, yet just...

How Has The Fed’s Decision Impacted The Bitcoin Price? Crypto CEO Weighs In

How Has The Fed’s Decision Impacted The Bitcoin Price? Crypto CEO Weighs In

22 September 2023
0

The United States Federal Reserve’s decision has been on the radar of crypto investors given how the outcome has often...

Bitcoin Next Moonshot? Santiment’s Intriguing Insights For Crypto Enthusiasts

Bitcoin Next Moonshot? Santiment’s Intriguing Insights For Crypto Enthusiasts

22 September 2023
0

Bitcoin (BTC), the flagship cryptocurrency, is currently drawing significant attention as it stands poised for a potential upward surge. Santiment,...

Bullish Signal: Bitcoin Could Reach $30,000 As BTC Continues To Defy Shorters

Bullish Signal: Bitcoin Could Reach $30,000 As BTC Continues To Defy Shorters

21 September 2023
0

Bitcoin has fallen below the $27,000 support but even this has not eliminated the bullish signals that surround the cryptocurrency....

Bitcoin Dominance Returns Above 50% As Altcoins Encounter Resistance

Bitcoin Dominance Returns Above 50% As Altcoins Encounter Resistance

19 September 2023
0

With a market valuation of almost $520 billion and a current price of $26,690, Bitcoin has reclaimed the limelight. It...

Load More
Next Post

XRP, Tron, Dogecoin Price Analysis: 17 January

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

We publish a comprehensive news feed covering all news relevant to the crypto user, covering main industry news, politics and regulation as well as consumer-level “news you can use” (practical stuff), including handy DIY tips, links to useful tools, unbiased reviews and opinions revolving around cryptocurrency. Simple logic and real-world examples are preferred before technical jargon and personal rants.

Categories

  • Altcoin
  • ApeCoin
  • Bitcoin
  • Blockchain
  • BNB
  • Cardano
  • Cryptocurrency
  • DOGE
  • DOT
  • Ethereum
  • HBAR
  • Litecoin
  • Market
  • Meta News
  • Mining
  • NFT
  • QNT
  • Regulation
  • SHIBA
  • Solano
  • Tether
  • Uncategorized
  • XDC
  • XLM
  • XRP

What’s New Here!

  • Bitcoin Surpasses Visa In Transaction Volume, Will Bitcoin Spark Ride The Same Wave?
  • This Week on Crypto Twitter: 11,000 Venezuelan Soldiers Bring Down Jailhouse Bitcoin Mining Operation
  • Pay-to-use blockchains will never achieve mass adoption

Newsletter

  • About Us
  • Privacy Policy
  • Contact Us

© 2022 coin24h.com

No Result
View All Result
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining

© 2020 coin24h.com

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$26,282.00-1.11%
  • ethereumEthereum(ETH)$1,581.61-0.69%
  • tetherTether(USDT)$1.000.08%
  • binancecoinBNB(BNB)$207.96-1.17%
  • rippleXRP(XRP)$0.50-1.17%
  • usd-coinUSDC(USDC)$1.000.01%
  • staked-etherLido Staked Ether(STETH)$1,575.45-1.02%
  • dogecoinDogecoin(DOGE)$0.060753-1.16%
  • cardanoCardano(ADA)$0.242379-1.48%
  • solanaSolana(SOL)$19.31-0.78%
  • ToncoinToncoin(TON)$2.19-4.63%
  • tronTRON(TRX)$0.0836080.00%
  • Wrapped stETHWrapped stETH(WSTETH)$1,864.880.36%
  • polkadotPolkadot(DOT)$3.99-1.13%
  • matic-networkPolygon(MATIC)$0.51-1.50%
  • litecoinLitecoin(LTC)$63.58-2.24%
  • shiba-inuShiba Inu(SHIB)$0.000007-2.71%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$26,221.00-1.43%
  • bitcoin-cashBitcoin Cash(BCH)$204.52-1.60%
  • chainlinkChainlink(LINK)$6.98-2.87%
  • daiDai(DAI)$1.00-0.25%
  • true-usdTrueUSD(TUSD)$1.00-0.04%
  • leo-tokenLEO Token(LEO)$3.71-3.45%
  • uniswapUniswap(UNI)$4.23-1.02%
  • stellarStellar(XLM)$0.112245-1.62%
  • avalanche-2Avalanche(AVAX)$8.78-1.33%
  • moneroMonero(XMR)$143.551.20%
  • okbOKB(OKB)$42.62-0.45%
  • binance-usdBinance USD(BUSD)$1.000.04%
  • ethereum-classicEthereum Classic(ETC)$15.05-1.39%
  • cosmosCosmos Hub(ATOM)$6.98-1.29%
  • hedera-hashgraphHedera(HBAR)$0.049832-3.88%
  • GGTKNGGTKN(GGTKN)$0.1121180.75%
  • filecoinFilecoin(FIL)$3.20-1.19%
  • crypto-com-chainCronos(CRO)$0.0509530.73%
  • internet-computerInternet Computer(ICP)$2.92-1.56%
  • lido-daoLido DAO(LDO)$1.46-2.43%
  • quant-networkQuant(QNT)$88.33-2.98%
  • MantleMantle(MNT)$0.3967491.27%
  • AptosAptos(APT)$5.292.91%
  • vechainVeChain(VET)$0.016478-2.93%
  • makerMaker(MKR)$1,268.97-1.36%
  • ArbitrumArbitrum(ARB)$0.81-1.50%
  • nearNEAR Protocol(NEAR)$1.09-1.81%
  • optimismOptimism(OP)$1.26-2.47%
  • EdgecoinEdgecoin(EDGT)$1.00-0.03%
  • KaspaKaspa(KAS)$0.0477244.84%
  • Rocket Pool ETHRocket Pool ETH(RETH)$1,710.36-1.17%
  • BSCEXBSCEX(BSCX)$237.190.34%
  • aaveAave(AAVE)$61.65-1.81%