Coinbase Says Bitcoin Will Become Closer To Digital Gold In 93 Days
Bitcoin might not be right for many investors. In addition to not being able to buy it directly through many brokerage accounts yet, it might simply be too volatile for some. "Cryptocurrency investing today is a bit like living in the early days of the 1850s gold rush, which involved more speculating than investing," says John LaForge, Head of Real Asset Strategy at Wells Fargo Investment Institute. The answer? Stocks that leverage digital currencies, but also boast vibrant businesses that would make them worth buying anyway.
"Bitcoin should be the core position of everyone's digital asset/blockchain allocation," says Digital Asset Investment Management's Courchesne. "It's the only truly decentralized fixed supply asset that is global and will only get more scarce." 2b1af7f3a8