RATE Group | Everyone Should Have 1% of Their Assets in Bitcoin: Virgin Galactic Chair
80979
post-template-default,single,single-post,postid-80979,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Everyone Should Have 1% of Their Assets in Bitcoin: Virgin Galactic Chair

27 Feb Everyone Should Have 1% of Their Assets in Bitcoin: Virgin Galactic Chair

Posted at 05:32h in Bitcoin News by

[ad_1]

Chamath Palihapitiya, former Facebook executive and Chairman of Virgin Galactic, says that everyone should have 1% of their net worth invested in Bitcoin. He cited Bitcoin’s quality as a totally uncorrelated asset class, and the overuse of leverage in traditional finance as reasons to hedge with BTC.

Bitcoin is an asset class that stands alone

Chamath Palihapitiya has been saying since 2013, that he believes that every investor, institutional or retail should make space in their portfolio for the #1 cryptocurrency.

Everyone should have a 1% allocation of their assets in Bitcoin.

The seasoned VC investor pointed out that Bitcoin is a new kind of asset class that is uncorrelated from traditional commodities, stocks and other investment assets. He went on to say that investing in Bitcoin is valuable because it is uncorrelated to other asset classes. He did point out however, that with BTC’s volatility, using it as a safe haven could be disastrous.

…these are not event driven…

[ad_2]

Source link

Tags:
, , , , ,