Bitcoin is the Trade of the Decade
The case for treating crypto exposure as a sizing question: asymmetric upside, bounded allocation, and portfolio fit.
"Oftentimes, people look at investing in crypto-assets as this binary concept — do I invest given the asymmetric upside, or do I not invest because it’s vaporware that could go to zero? This is a false dilemma. The reconciler is simply a matter of sizing. One must ask themselves, is it worth putting a dollar into the space? The answer is undoubtedly “yes.” How about two dollars, three, four — and you go from there. We believe every well-balanced portfolio includes a crypto-asset allocation — and the only question is one of sizing."
Originally posted on Facebook on November 28, 2018:
https://www.facebook.com/thepner1/posts/pfbid035omVhyXuNdmy8PiZmBX3NPRLrvmCbprewktWYGJ8FeVL6biZaea9v5GxQMPJFxRBl
