Investment experts are starting to see the light regarding the role of Bitcoin in investor portfolios— and that role signals massive profit potential. A lot of blockchain news experts are seeing a significant uptick in the presence of Bitcoin and other blockchain-based investments in portfolios.
AllianceBernstein Sees the Role of Bitcoin in Asset Allocation
Cryptocurrency is currently making strides in the investment market. Then, add to this the role of Bitcoin in the portfolios of investors. This comes after investment giant AllianceBernstein noted Bitcoin’s role in asset allocation in the long term. Bernstein Research’s Inigo Fraser Jenkins stated that Bitcoin’s irregularity reduced significantly in the last three years. Therefore, it has become more attractive to investors. Even more so since it is considered a pivotal digital asset management solution.
More so, cryptocurrency continues to rise in popularity. Bitcoin then can truly expand an investment portfolio. Bitcoin can also reshape the markets as people learn its benefits like:
- eliminates the risk of fraud
- easy to use and can’t be breached
- offers direct transactions
Guggenheim Riding the Bitcoin Train
In other blockchain news, Guggenheim is showing interest in Bitcoin. According to November reports, Guggenheim’s Macro Opportunities Fund (MOF) may seek indirect exposure to Bitcoin.
The company seeks to invest 10% of its net asset value into Grayscale Bitcoin Trust (GBTC). Currently, the fund is managing about $5.3 billion in assets, making a 10% investment worth about $530 million. The GBTC is a digital currency investment product and became an SEC-reporting company on January 21, 2020.
Cryptocurrency continues to have record highs with Bitcoin reaching an all-time interday high of $19,873,23. This broke an old record set in December 2017.
The investment field is also risky. However, it is an exciting day for cryptocurrency with large investors and Wall Street giants seeing the value in Bitcoin. In addition, current social distancing practices helped online channels. More consumers use digital payment like Bitcoin for transactions.
What is the Blockchain, Anyway?
Clearly, the time is ripe to start building wealth in this amazing arena. If you’re new to the concept, however, you may still be wondering what is blockchain?
It’s the technology that allows cryptocurrency to exist and is the “digital ledger” of Bitcoin transactions. Bitcoin is also becoming one of the world’s most popular cryptocurrencies. As of 2020, there are over 2,000 cryptocurrencies. It truly has witnessed an evolution since its emergence in 2009.
However, that’s just one of the many fundamental concepts you should ideally learn to grow your investments in the blockchain sphere.
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With some of the world’s biggest companies showing interest, it’s only a matter of time before non-traditional investments like Bitcoin and the blockchain become one of the most sought-after ways to diversify one’s investment portfolio.
The best time to get started is now. Let Key Coin Assets guide you towards building your wealth in the blockchain. Contact us NOW at 843-886-9547 to start investing in yourself!