RATE Group | Why Even The Most Cynical Bitcoin Bear Should Consider Investing And How To Get Started
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Why Even The Most Cynical Bitcoin Bear Should Consider Investing And How To Get Started

08 May Why Even The Most Cynical Bitcoin Bear Should Consider Investing And How To Get Started

Posted at 02:25h in Cryptocurrency News by

With Volatility Comes Opportunity

Cryptocurrencies saw one of their most volatile months in March only to reverse course in April.   Federal governments around the world are responding to the Coronavirus outbreak with unprecedented stimulus efforts with no end in sight.  This unprecedented response is just one more reason we feel digital assets should make up part of an asset allocation.  

As an example, the Bloomberg Commodity Index, which is often used as an investable allocation to commodities for inflation hedging purposes, was down almost 25% primarily due to crude oil trading down almost 43%.  Meanwhile, Gold and Bitcoin are up  11% and 22% respectively.  

A Bullish Case for Digital Assets

I believe there are a number of narratives justifying a bullish move higher for digital assets.  The two primary long-term justifications are:

  1. as a potential store-of-value, and 
  2. as a currency.  

The third and slightly more obtuse reason to…

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