Keep 1-5% Portfolio in Bitcoin, Pompliano Tells Investors

Investors are irresponsible if their portfolios have no exposure to bitcoin, according to Anthony Pompliano of Morgan Creek Digital Assets.
The co-founder & partner said in his latest “Off the Chain” podcast that it makes sense for fund managers and investors to keep 1 to 5 percent of their capital in bitcoin. He explained that the cryptocurrency is presenting itself as the perfect global hedge in times of economic uncertainties. That should prompt investors to take notice as their investments in the mainstream markets threatens to shrink any further.
“We are living in exceptionally volatile and unpredictable times. Institutional investors have sought out non-correlated assets as portfolio diversification tools for decades,” wrote Pompliano. “Now that Bitcoin is presenting itself as the perfect global hedge, it will quickly become irresponsible for these investors to remain with 0% exposure to the digital currency.”

Ripple (XRP) Breaking This Variable Will Spark A Strong Rally To $0.26
Wednesday January 22, 2020

Ripple is currently recovering above $0.2325 against the US Dollar and bitcoin is trading above $8,700. XRP price is likely to surge towards $0.2500 or $0.2600 once it clears the $0.2400-$0.2420 resistance. Ripple price...

The post Ripple (XRP) Breaking This Variable Will Spark A Strong Rally To $0.26 appeared first on 12bitplay - Bitcoin Play.

The inverse correlation between $SPX (blue) & #Bitcoin (Candles) / #Gold (orange) remains strong. My thesis is money will continue to flow into these assets in a slowly declining market. If it turns into a crash they may get sold off in a scramble for liquidity.
— Alex Saunders (@AlexSaundersAU) August 5, 2019

2 Genuine Reasons Why Bitcoin Will Hit $20,000 in 2020
Monday January 20, 2020

Coming into the first quarter of 2020, offbeat asset bitcoin is already proving to be the year’s best investment. The benchmark cryptocurrency’s upside run has returned roughly twenty-fold returns in January. Its rate peaked...

The post 2 Genuine Reasons Why Bitcoin Will Hit $20,000 in 2020 appeared first on 12bitplay - Bitcoin Play.

Economy in Red
The statements borrowed sentiments from the economic uncertainties arising on a global scale. United States President Donald Trump has escalated his trade war with China after threatening to impose an additional 10 percent tariff on $300 billion worth of Chinese imports. In response, Beijing depreciated its national currency – the Chinese Yuan – below $7 for the first time in eleven years.
China continues to remain unfazed. The superpower announced yesterday that it is suspending agricultural purchases from the US. The White House, in retaliation, branded Beijing as a currency manipulator.
The result of the catfight is an economy in red. Global markets are plunging, with both Asian and US equities falling right of a cliff.

Altcoin Market Preparing Shocking Disbelief Rally According to Wall Street Cheat Sheet
Wednesday January 22, 2020

Last week, the altcoin market and many individual crypto assets broke out from downtrend resistance and went on a massive rally. However, for the first time since the crypto hype bubble collapse, the crypto...

The post Altcoin Market Preparing Shocking Disbelief Rally According to Wall Street Cheat Sheet appeared first on 12bitplay - Bitcoin Play.

Fragile calm returns to stock mkts as Yuan steadies. Asia equities not able to fully follow through rebound on Wall St after PBOC set Yuan daily fix marginally stronger than 7 a dollar. Bonds continue rally w/US 10y yield at 1.68%, Gold at 6y high, Brent Oil w/ $58.85 in bear mkt
— Holger Zschaepitz (@Schuldensuehner) August 7, 2019

Among the assets that are returning profits amidst an economic meltdown is bitcoin. The non-sovereign asset is performing exceptionally well as investors flock towards its market for their reasons: to fight capital control in China, to protect their investment portfolios, or whatnot.
“Bitcoin,” wrote Pompliano, “is a non-correlated, asymmetric return-profile asset. It has proven even to be inversely correlated in times of increased global instability. Take May 2019, for example — the trade wars were escalating, and threats of tariffs were being lobbed at multiple countries. Bitcoin was up 55% for the month and showed a negative correlation to the S&P 500 and gold.”
The Anti-Bitcoin Views, Meanwhile
The inverse proportionality between bitcoin and global markets is visible on the charts. Nevertheless, some financial experts believe the ones that are driving the cryptocurrency higher are not investors, but speculators. Peter Schiff of Euro Pacific Capital thinks on the same lines.

Bitcoin may be up more than gold or silver today, but gold and silver stocks are up more than Bitcoin. Since there is much more upside potential with less downside risk in mining stocks than there is in Bitcoin, speculators should move from Bitcoin to precious metals stocks!
— Peter Schiff (@PeterSchiff) August 5, 2019

“Why does CNBC allow Brian Kelley to lie about Bitcoin,” he tweeted about a Squawk Box coverage about the cryptocurrency’s rise. “He just assured viewers that a new high in Bitcoin is a certainty because for the first time an institutional herd is now buying. Brian, I challenge you to identify those institutional investors that have piled in!”
The post Keep 1-5% Portfolio in Bitcoin, Pompliano Tells Investors appeared first on NewsBTC.

You may also like...