Bitcoin works as 'digital gold' - Fidelity
Mar. 01, 2021 12:32 PM ETBitcoin USD (BTC-USD)By: Stephen Alpher, SA News Editor
Mar. 01, 2021 12:32 PM ETBitcoin USD (BTC-USD)By: Stephen Alpher, SA News Editor
- The Director of Global Macro for Fidelity Global Asset Allocation, Jurrien Timmer, appears to be fully on board with Bitcoin (BTC-USD), saying the crypto has both a compelling supply and demand dynamic. And with a current asset value of just $900B vs. gold's $11T and total global financial assets of $160T, there's still plenty of upside.
- Timmer: "If Bitcoin is a legitimate store of value, is scarcer than gold, and comes complete with potentially exponential demand dynamic, then is it now worth considering for inclusion in a portfolio?" The question, he says, may no longer be "whether," but instead "how much?"
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Corrections are usually over very quickly, and they're traditionally painless to long-term investors.
Experience is what you get, if you expect anything else!
Alles ist Zahl - die Vollkommenen --> 6; 28; 496; 8128; 33550336; 8589869056
Corrections are usually over very quickly, and they're traditionally painless to long-term investors.
Experience is what you get, if you expect anything else!
Alles ist Zahl - die Vollkommenen --> 6; 28; 496; 8128; 33550336; 8589869056