Bitcoin Gets a New Buyer; Predicts BTC to Become A ‘Must-have Asset’ in Every Investor’s Portfolio in 5-yrs

2020-10-3 22:52

Former UKIP politician (the UK Independence Party) Godfrey Bloom took to Twitter to share that he made his first bitcoin purchase this week, diversifying his portfolio from the precious metals.

I make my first purchases of bitcoin this week.
Gold & silver have I plenty. https://t.co/EPObJZ7Rvk

— Godfrey Bloom (@goddersbloom) October 1, 2020

The 70-year old has enough gold and silver that had a blast in 2020 thanks to the Federal Reserve’s monetary stimulus. Now, he is looking to get into the leading digital asset, which has been attracting a lot of big players this year as an “inflation hedge.”

Bitcoin is “likely to be a powerful hedge against US dollar weakness,” noted Charlie Morris of ByteTree.

During Bitcoin’s lifetime, 2017 and post Covid-19 crash 2020 has been the only meaningful occasions when DXY fell, and BTC did well. “The vast majority of Bitcoin’s past gains coincided with periods of a flat or weak dollar,” he found.

This year, bitcoin also grew stronger as a store of value and digital gold, even better than physical gold — cheaper to move around, tamper-proof, and easily verifiable.

“That’s something a lot of smaller investors already understand. Institutional investors are adapting to this as well,” said Eric Demuth, CEO and co-founder of crypto exchange BitPanda, which raised $52 million in a Series A round led by Peter Thiel’s Valar Ventures.

Despite the growing progress, mass utilization of the cryptocurrency is not here, and we’re still not there yet, he said.

According to him, in the next five years, bitcoin and crypto overall will become more mainstream with usability getting better and access to these crypto-assets very easy and straight-forward.

“Bitcoin will be a must-have asset in every investor’s – small or big – portfolio in 2025,” he predicted adding, regulation will boost its credibility.

I have had a very significant response to my bitcoin tweet.
So an update
I am revising bitcoin over the weekend to know enough to understand what I don't know.
It is my goal to share my experience with fellow oldies keen to diversify out of fiat currencies.

— Godfrey Bloom (@goddersbloom) October 2, 2020

The post Bitcoin Gets a New Buyer; Predicts BTC to Become A 'Must-have Asset' in Every Investor’s Portfolio in 5-yrs first appeared on BitcoinExchangeGuide.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) íà Currencies.ru

$ 95276.36 (-1.69%)
Îáúåì 24H $41.037b
Èçìåíåèÿ 24h: -1.83 %, 7d: -7.45 %
Cåãîäíÿ L: $95276.36 - H: $97458.26
Êàïèòàëèçàöèÿ $1886.437b Rank 1
Öåíà â ÷àñ íîâîñòè $ 10524.03 (805.32%)

bitcoin portfolio week purchases twitter share made

Èñòî÷íèê: bitcoinexchangeguide.com

bitcoin portfolio → Ðåçóëüòàòîâ: 126


Social Investment Network, eToro, Adds ‘Bitcoin Value Chain’ Stock Portfolio Tracking

Renowned brokerage and trading firm eToro, is introducing a fresh portfolio that provides its customers access to firms that are “building the value chain” behind Bitcoin. In a press statement, the new offering is known as the Bitcoin WorldWide portfolio and lists various firms that are linked to Bitcoin as well as the larger crypto […] The post Social Investment Network, eToro, Adds ‘Bitcoin Value Chain’ Stock Portfolio Tracking first appeared on BitcoinExchangeGuide.

2021-4-26 21:25


Why bitcoin could become a standard recommendation for an average investor’s portfolio

This past week as Bitcoin hovered around $46.5k and $52.5k  range, Twitter sentiments have been at their most bearish level during this bull run. Bitcoin's volatile price has given many people a reasThe post Why bitcoin could become a standard recommendation for an average investor’s portfolio appeared first on AMBCrypto.

2021-3-9 22:30


Ôîòî:

Former Bitcoin Critic Now Says Bitcoin Is Critical For Every Investment Portfolio – Here’s Why

Portfolio strategist and co-head of research at Bernstein Research, Inigo Fraser Jenkins has finally changed his mind about Bitcoin’s worth after two years of criticism. Jenkins, who once said that Bitcoin had no place in any investment portfolio has revised his view and declared that every investor should consider adding Bitcoin to their portfolios. “I […]

2020-12-3 11:27


US Dollars are Actually Harder to Use & Here’s How Bitcoin is on the Same Path

Adding 1% of Bitcoin to your portfolio gives you a 200 basis points upside If this Bitcoin position had gone to zero, you would only have had a 20-basis point downside Recently, we shared how a tiny allocation of Bitcoin, as much as 10%, “considerably outperforms” a typical portfolio that involves equity and bonds. Now, […]

2019-12-26 19:24


Bitcoin News (Dec 15): See This Weekend’s Top Crypto Stories and Blockchain Headlines [VIDEO]

Binance Continues to Hodl Down the Bitcoin Space by Expanding Its Crypto Incubator Program Binance Continues To Hodl Down The Bitcoin Space By Expanding Its Crypto Incubator Program OpenSea Marketplace Expands its Crypto Portfolio with ETH-Based Atomic Bazaar Acquisition OpenSea Marketplace Expands Its Crypto Portfolio With ETH-Based Atomic Bazaar Acquisition OAX and Enuma Surpass 1,000 […]

2018-12-16 19:25


Ôîòî:

Davinci Jeremie Shares His Prediction After Stellar Track Record of Bitcoin Calls

Davinci Jeremie, Chilean software developer and little known Bitcoin guru, who has a stellar track record of Bitcoin calls is back.  Only As Good As Your Last Call If you’re sick of so-called experts, confidently calling the bottom of the bear market, only for the following week to wipe another [insert obscene amount of money here] off your portfolio… then perhaps you are listening to the wrong experts? Traders, pundits, gurus, seers, and other alleged Read More The post Davinci Jeremie Shares His Prediction After Stellar Track Record of Bitcoin Calls appeared first on Bitcoinist.com.

2018-12-13 04:00


Ôîòî:

Bitcoin Miners Navigate A Crypto Minefield

When the Bitcoin (BTC) price crashes, most investors first worry about their portfolio, but their second thoughts likely shift towards the miners. After all, the crypto economy is fueled by mining rewards, and there must be some value attached to the process of verifying transactions in order for the miners to be incentivized to keep the […] The post Bitcoin Miners Navigate A Crypto Minefield appeared first on Crypto Briefing.

2018-11-28 20:30


The Great Bitcoin Meltdown: Bonner & Partners Near Future Report By Jeff Brown

The Near Future Report is a members-only financial advice service that is geared specifically towards educating those interested in investing in the cryptocurrency market. Purchasing access to the Near Future Report provides access to a newsletter, an exclusive website, a recommended portfolio of crypto or technology investments, and other services. The Bonner & Partners Company […]

2018-11-28 12:45


Ôîòî:

German Crypto Exchange Bitcoin Group SE Acquires Investment Bank Tremmel

German holding company Bitcoin Group SE has acquired a 100 percent stake in investment bank Tremmel Wertpapierhandelsbank GmbH, the company announced in a press release on November 13, 2018. Bitcoin Group SE Significantly Expands Its Service Portfolio Bitcoin Group SE has reached an important milestone in the expansion of its service portfolio and acquired 100% of the shares in Tremmel.

2018-11-16 19:00


Ôîòî:

25 Percent of Affluent Millennials Are Using or Holding Cryptocurrencies, Says Report

Over a quarter of affluent millennials are currently using or holding cryptocurrencies. According to a Millennials & Money Report by Edelman’s Financial Services Sector Team, many affluent millennials have diversified their portfolio holdings into cryptocurrencies because they are wary of the financial system and concerned with the international ever-growing uncertain economic environment.

2018-11-1 15:29


Ôîòî:

Patience Pays: Get to Know Popular Investor Reinhardt Coetzee

Ask any trader and they’ll tell you: diversifying your portfolio is one of the best ways to reduce risk. If you’re curious about branching out to other assets, definitely check out Reinhardt Coetzee — this South African Popular Investor is proof that low-risk, long-term investing can really pay off!  Since joining eToro in July 2016, Reinhardt has kept his risk.

2018-10-30 06:00


äàëüøå åùå 77 íîâîñòåé →

Ïàðòíåðû Currencies.ru

Àíàëîã Notcoin - Blum - Èãðàé è çàðàáàòûâàé Ìîíåòû



Ðåêëàìà íà Currencies.ru

Ñàìîå ñâåæåå íà Currencies.ru

Bitcoin Addresses Drop by 211K Amid Market Uncertainty: Could a Rally Be Next?

Wallets holding Bitcoin are now declining in number, while those that hold the meme-based Dogecoin appear to be increasing in number. Bitcoin’s ecosystem is experiencing waves of doubt. According to fresh data from analytics company Santiment, there has been a decline of more than 211,000 non-empty Bitcoin addresses in three weeks alone, which has sparked […]