Hi there!
I do not see crypto as a speculative play, but in fact, a considerable investment thesis for the long-term. I have yet to deep dive into crypto/blockchain, but recent developments in the financial industry suggests that there has been a shifting sentiment towards the technology revolving cryptocurrencies (especially Bitcoin) and blockchain.
E.g. Paypal and Square recently bought a bunch of bitcoin for their own wallet/exchange. There are some Wall St. banks that are also snapping up a fair share of Bitcoin
Personally, I see a viable use-case scenario for the technology, especially eliminating intermediaries for the transfer of wealth cross-border. I think there are some countries that are already using it, especially those that has weak monetary policies/hyperinflation.
I am quite interested to see how the space plays out, whether if the coming years are more driven by retail speculation (like in in 2016/17), or more of institutional and smart money pouring into the crypto space. My guess would be the latter.
1-5% seems okay if you are also into broad equities, and given your current conviction level. I would recommend reading up more on the technology, and adjust your position size as you gather more information - just a few Google searches, and you are presented with a sea of knowledge. All the best!
Hi there!
I do not see crypto as a speculative play, but in fact, a considerable investment thesis for the long-term. I have yet to deep dive into crypto/blockchain, but recent developments in the financial industry suggests that there has been a shifting sentiment towards the technology revolving cryptocurrencies (especially Bitcoin) and blockchain.
E.g. Paypal and Square recently bought a bunch of bitcoin for their own wallet/exchange. There are some Wall St. banks that are also snapping up a fair share of Bitcoin
Personally, I see a viable use-case scenario for the technology, especially eliminating intermediaries for the transfer of wealth cross-border. I think there are some countries that are already using it, especially those that has weak monetary policies/hyperinflation.
I am quite interested to see how the space plays out, whether if the coming years are more driven by retail speculation (like in in 2016/17), or more of institutional and smart money pouring into the crypto space. My guess would be the latter.
1-5% seems okay if you are also into broad equities, and given your current conviction level. I would recommend reading up more on the technology, and adjust your position size as you gather more information - just a few Google searches, and you are presented with a sea of knowledge. All the best!