Wall Street encourages investors to consider Bitcoin
More news is coming from traditional financial sectors to implement cryptocurrency. This news shows a positive vector for all cryptocurrency market.
“I’m bullish on it because Bitcoin is now ten years old, it is a $200 billion market, and Bitcoin is about 40 percent of that. It is here to stay. There is a massive amount of investment going into the blockchain and crypto assets, and financial advisors don’t know much about it, no more than their clients do.” Ric Edelman, a top Wall Street advisor and the chairman of Edelman Financial Services, LLC.
It’s great that there are positive news and analytics indicates positive and robust aspects of cryptocurrencies, such news will only strengthen the market and crypto price will rise.
đź’ˇThe advice for all investors
“If you as an investor believe that Bitcoin will perform as well as it has historically, then you should hold 6% of your portfolio in Bitcoin. If you believe that it will do half as well, you should hold 4%. In all other circumstances, if you think it will do much worse, then you should still hold 1%.”
Now the Bitcoin ETF is becoming more and more critical for both FIAT and non-fiat markets. It’s important to focus on building a reliable, stable, trusted solutions that will be legit, and Coinbase, BitGo, Goldman Sachs are showing that they are working hard on it.
🚀When SEC approves the first Bitcoin exchange-traded fund (and now it’s only matter of time), the market will get magnificent pull!
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