Embodying innovative technologies, Bitcoin is worthy to become part of the portfolio of any investor. This opinion was expressed by Morgan Creek Capital CEO Mark Yusko in an interview with the TV presenter and founder of Heisenberg Capital Max Keiser.
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At first, Kaiser noted that the inclusion of even 1% BTC would allow investors to significantly increase the return on a diversified portfolio over the past five years.
He noted that even if we take at least 1% of the assets of endowments and non-profit organizations 5 years ago, this would amount to $6.7 billion from $670 billion. We take one percent, half of the shares and half of the bonds, and instead of the received 7.2 you would have left 9.2% or 200 basis points on top. Two percent to 7.2% is a good alpha.
However, Yusko noted that the possibility of a fall in the value of BTC to zero cannot be completely ruled out. On the other hand, the potential income from investments in the first cryptocurrency significantly exceeds the possible loss.
Earlier, Mark Yusko called Bitcoin the next revolutionary technology and the greatest opportunity to create wealth. The head of Morgan Creek also urged market participants to get rid of Amazon's “dead” stocks in favor of a more attractive, in his opinion, investment opportunity.