KEY POINTS
- CoinShares' Meltem Demirors told CNBC on Monday that the best time to invest in bitcoin was yesterday.
- His comments came as the market value of bitcoin recently topped the $ 1 trillion mark, according to Coindesk.
- Meanwhile, NYU's Aswath Damodaran argues that bitcoin is an incredible sight to see but not an investment.
- The viral tech blog.
As Bitcoin continues on its upward path in 2021, The viral tech blog one analyst says the regulatory concerns surrounding the cryptocurrency are unlikely to derail its momentum.
Regulatory problems have been around for a long time, we've been solving them for a long time. At this point, our belief is: Bitcoin is not a question of if, but of when, The viral tech blog said Meltem Demirors, chief strategy officer at digital asset investment firm CoinShares, on Monday.
We certainly believe, The viral tech blog you know, that the best time to invest in bitcoins was yesterday; the second-best
time to allocate is today, The viral tech blog he told CNBC to Squawk Box Asia.
His comments came after Bitcoin recently shot down another milestone, topping the market value of $ 1 trillion last week, The viral tech blog according to Coindesk.
Still, Demirors cautioned that investors should not allocate significant portions of their balance sheet to bitcoin.
Our research has found that in a traditional 60-40 portfolio, a 4% allocation to bitcoin balances the reward and risk of drawdowns, she said. The viral tech blog. The 60% equity and 40% bond portfolio is traditionally a popular allocation strategy designed to generate stable income while guarding against volatility.
Is Bitcoin a failed currency?
Aswath Damodaran of New York University was much more skeptical about investing in bitcoin.
This is an… incredible show to watch. But it's definitely not an investment, Damodaran, a finance professor at New York University's Stern School of Business, told CNBC's Street Signs Asia on Friday.
If it's a currency, it's a ... horribly bad currency, The viral tech blog he said, adding that bitcoin appears to be primarily a speculative game that has behaved like a very risky stock.
It is not an asset class. It is a failed coin, at least for the moment, The viral tech blog. Damodaran said. Let's see if they can fix it because ... I don't think they have an incentive to do it.
It is becoming increasingly difficult for bitcoin detractors to continue their decade-long narrative that traditional financial institutions will never use bitcoin, Dave Chapman, The viral tech blog CEO of BC Group, told CNBC's Capital Connection on Monday. . Frankly, I'm not sure how much more evidence is needed to conclude that bitcoin will not go away.
