Bitcoin Competing for Space in Diversified Portfolios
Dow Jones
2 hours ago
1129 GMT - Bitcoin is increasingly competing with other asset classes for a place in diversified long-term portfolios, which changes how its recent decline should be interpreted, says Maksym Sakharov of WeFi. "This represents a different way of valuing the asset than in previous cycles because the discussion gradually shifts from whether bitcoin belongs in a portfolio to how much exposure it deserves relative to every other asset competing for long-term capital," he says. Sakharov adds bitcoin's mainstreaming doesn't make it immune to macroeconomic conditions or changes in investor sentiment, however. Bitcoin is down 1.2% at $82,422.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.