Reply to If you have more than a million in investments, have you purchased BITCOIN in any form? if so how much?

Forum Index » Money and Finances

Reply to "If you have more than a million in investments, have you purchased BITCOIN in any form? if so how much?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]This whole thread reeks of GameStop stock pumping.

Unsurprisingly, those pumping it always think they are the smartest person in the room - smarter than people that literally make their living investing. That’s why they are so hard to take seriously.

People that understand markets recognize that it always comes down to fundamentals. Bitcoin is four times more volatile than the S&P and backed by….nothing. A couple of days ago, JP Morgan wrote a good short analysis that is easy to read. https://am.jpmorgan.com/us/en/asset-management/adv/insights/market-insights/market-updates/on-the-minds-of-investors/does-crypto-deserve-a-place-in-portfolio-construction/[/quote]

And yet, in the link you provided, they close with:

[i][...]

That said, one area where cryptocurrency does potentially have value is in the foundational innovation that underpins the asset: blockchain technology. At its core, a blockchain is a database, but one that makes significant improvements to the existing “rows and columns” method of storing information: it does not require intermediaries to function (which, for example, allows individuals to transfer assets digitally without the use of a third-party, like a bank) and it is extremely secure (the “crypto” in “cryptocurrency” refers to the cryptography that is used to secure transactions and verify the identities of users). For more promising blockchains, tokens can therefore be thought of as ownership stakes, since utilizing a blockchain requires transacting in its token.

Given these realities, the role of crypto in portfolio construction is mostly a function of risk tolerance. Cryptocurrencies are inherently unpredictable: there is little visibility into future price movements and blockchain technology, while exciting, also has few barriers to entry, meaning tokens can become obsolete (and therefore worthless) as new ones enter the market with improved functionality. As a result, for most investors, any allocation to crypto in a portfolio should be kept both small enough to ensure that even in the event of a significant sell-off it does not derail overall portfolio objectives and well diversified. [/i]

Which doesn't agree/support, [b]at all[/b], your opening supposition.

Additionally, all these firms are prone to talking out of both sides of their mouths:

[i][b]November Was a 'Monumental' Month for the Crypto Market, JPMorgan Says[/b][/i]

https://www.coindesk.com/markets/2024/12/09/november-was-a-monumental-month-for-the-crypto-market-jp-morgan-says

And finally, they themselves own Bitcoin ETFs:

https://cointelegraph.com/news/jpmorgan-chase-shares-spot-bitcoin-etf

So, they clearly see some opportunities in this space as well.

[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics