I don't know where to begin with these guys
Firs they hate it, then they really hate it, then they are firing people who want to participate in it, then they are creating their own coin, then they are saying it could go to $130k, then they are saying that it can't possibly go above $40k any time soon.
Well now they are saying that a 1% allocation to bitcoin could actually make a lot of sense.
Hmm, you don't say?!
Yep, they do say, they are only like 3 years late to the party:
(Source:
)https://twitter.com/CoinCornerDanny/status/1365026815190986752/photo/1
- CoinCornerDanny
I don't remember the sources or who exactly did em now, but I remember reading multiple reports back in 2017 that talked about the optimal risk adjusted portfolio had something like a 2-6% allocation to bitcoin, depending on risk tolerance.
This was while JPM was saying bitcoin had no place anywhere.
Now, their analysts finally get off their arses, do their own models and come to the conclusion that perhaps a 1% allocation makes a lot of sense.
Sure, it's a bit low but at least they came around, sort of.
My only question when I see reports like that suggesting you put 1% of your portfolio into bitcoin is where do I put the other 99%?
Stonks?
Nope they got crushed today, all of em.
Bonds?
Nope, those have been getting crushed for years.
Gold?
Nope, crushed today as well.
The dollar?
Nope, it loses roughly 2% a year and probably going to get worse.
So, where to I put the other 99% JPM?
Go Michael Saylor style and HAM it all into bitcoin and ride or die with it. After all, money's only something you need in case you don't die tomorrow.