Aaron Voisine, Co-Founder and CEO of Breadwallet

“I predict that 2017 will see bitcoin become recognized as a legitimate ‘uncorrelated asset’ for a large number of money managers and financial advisors. Holding a diversified portfolio of assets is of course what any prudent financial advisor will recommend. This however doesn’t do you much good if those assets’ value all move in the same direction at the same time. In order to achieve diversification, you need to hold some assets that increase in value when the others go down. Bitcoin is a perfect example of an asset that has shown to increase in value in times of fear and economic turmoil, and one that I think many money managers will begin to see as a prudent addition to their portfolios.
 


Comments

02/27/2017 8:57am

I agree with you. I also believe that bitcoin is increasing in value. But I do not think that bitcoin will be recognized this 2017. I can see it happen, but not now. Maybe sooner or later than 2020. Still, who knows? Your prediction might be correct since you are right about your basis. Let's just wait and see since we both share the same perception that about bitcoin.

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05/26/2017 5:06pm

A single bitcoin is now roughly twice as valuable as an ounce of gold. The most recent flurry of buying helped send the price of bitcoin up over $2,600 in trading Friday, while the value of gold has stayed at about $1,267 per ounce. Bitcoin's value has since pared its gains, and traded at about $2,433 midday Friday. Thanks for sharing your knowledge with us. I hope you have a nice day!

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07/01/2017 7:25am

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