It’s challenging for a casual observer to disentangle the hype from any true potential, and yet it’s also hard to shake that feeling: Are digital tokens worthy of a spot in my portfolio? crypto
It’s challenging for a casual observer to disentangle the hype from any true potential, and yet it’s also hard to shake that feeling: Are digital tokens worthy of a spot in my portfolio? Larry David travels through the ages, pooh-poohing many of the world’s greatest innovations — indoor plumbing, the dishwasher and, lastly, cryptocurrency. “Don’t be like Larry,” the Super Bowl commercial urges. “Don’t miss out on the next big thing.
There are conflicting signals: The White House is moving toward developing a policy approach to crypto, but federal regulators overseeing workplace retirement plans all but banned it from those most sacred of accounts. “This is a fast-moving market, and it’s hard to know where it will go,” said Matt Hougan, the chief investment officer at Bitwise Asset Management, which has $1.3 billion under management in roughly a dozen crypto-related funds.
“Above 5%, it becomes the driver of the most painful drops in your portfolio,” he said. “It becomes very risky.” There’s no consensus, of course: Some experts suggest cryptodiversification. But no matter your preferred strategy, there are a variety of ways in, which are familiar to many investors. Betterment said it wouldn’t recommend that customers put any more than 10% of their holdings on the platform into crypto, but it will “give customers agency within that context to make their own decisions,” Levy said.
None of that stopped money from pouring into the first bitcoin-linked ETF, ProShares Bitcoin Strategy ETF. Its trading volume on its first day in October surpassed any other ETF in history, according to Morningstar, and it collected $1 billion in assets faster than any other ETF.
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