If gold is money, Bitcoin is money
Most regulatory agencies are quick to point out that bitcoin isn't a currency. It's not sovereign, and it doesn't fill some of the everyday needs to be an effective currency, at least not yet.
VanEck agrees with this, but that's ok.
Bitcoin is already digital gold, everyone just hasn't realized this yet.
In a head to head comparison, bitcoin bests gold in just about every way.
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In fact, the only thing that gold has going for it over bitcoin is the fact it has been money for 10,000+ years.
If people want to hold gold, then they better hold bitcoin as well...
People have been holding gold as a portfolio hedge/diversifier for years and years.
Those same people need to be holding bitcoin as well.
According to research done by VanEck, adding a little exposure to bitcoin would enhance the risk adjusted returns of portfolios.
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There is no reason why anyone shouldn't own at least a little according to these findings.
There was a study done by a major university a few years back that showed a 3-6% allocation to bitcoin was ideal for producing the greatest risk adjust returns.
We now have multiple reports all coming out showing the same thing.
If you want to have the optimal portfolio, you better own at least a little bitcoin.
Stay informed my friends.