{"id":389459,"date":"2019-07-10T17:00:22","date_gmt":"2019-07-10T17:00:22","guid":{"rendered":"https:\/\/wncen.com\/?p=389459"},"modified":"2024-06-11T17:31:28","modified_gmt":"2024-06-11T17:31:28","slug":"bitcoin-is-shaky-but-btc-indispensable-in-investment-portfolios","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-is-shaky-but-btc-indispensable-in-investment-portfolios\/","title":{"rendered":"Bitcoin Is Shaky But BTC Indispensable In Investment Portfolios"},"content":{"rendered":"
Despite skepticism, Bitcoin and cryptocurrencies are increasingly becoming part of investment portfolios. That\u2019s notwithstanding their wild price fluctuations. At the time of writing, BTC is up 14.6 percent week-to-date.<\/em><\/p>\n There are diverse opinions as far as what Bitcoin is. Generally, there is a consensus that BTC is first a medium of exchange<\/a> and a settlement layer. However, its price volatility is bogging its progress toward its quest of being a global settlement layer. High net worth investors are particularly wary of this price instability.<\/p>\n Ultimately, the above-average rate of returns over the last decade is proving attractive, a bait. Even so, some analysts are cautious of Bitcoin, questioning whether the digital asset deserves a slot in modern-day investment portfolios.<\/p>\n Barry Silbert<\/a>, who is the CEO of DCG Co, the parent company of Genesis Trading<\/a> and CoinDesk quotes Matthew Bartolini. In his own right, Matthew is respected but is nonetheless critical of Bitcoin. Questioning Bitcoin, he says, \u201cCryptocurrencies have no role to play in investment portfolios.\u201d<\/p>\n However, his view is against recent research findings from Yale University<\/a> as well as a Twitter survey indicating that retail investors are pouring their life saving to cryptocurrencies and especially altcoins. Besides the high return on investment, cryptocurrencies like Bitcoin are useful as a diversifying asset. According to Mark Yusko, a renowned Wall Street Fund manager:<\/p>\n \u201cBitcoin is the best [portfolio] diversifying asset. It has a very low correlation and should be in everyone\u2019s portfolio. Bitcoin is a better bet than stocks.\u201d<\/p><\/blockquote>\n <\/p>\nBitcoin Price Analysis<\/h1>\n
Fundamentals<\/h2>\n
Candlestick Arrangement<\/h2>\n