Market Cap: $3,431,166,072,395
24h Vol: $161,512,831,003
Cryptocurrencies: 27843
Markets: 116222
Cryptocurrencies: 27843
Markets: 116222
Market Cap: $3,431,166,072,395     
24h Vol: $161,512,831,003
Seeking Alpha 2021-02-19 11:00:00

Bitcoin And GBTC: Given Supply-Demand, Higher Prices Are On The Way

Bitcoin And GBTC: Given Supply-Demand, Higher Prices Are On The Way
Joining Square and MicroStrategy, Tesla became the latest company to use its corporate balance sheet to invest $1.5 billion in Bitcoin.While some are focusing on the $50,000 level, it would appear to me that it is a given - and $100,000 is possible, too, in my opinion. I'll explain why.Instead of worrying about the risk of buying and owning BTC, skeptical investors should instead ask: "what is the risk of NOT buying BTC?"As my articles on portfolio management suggest, allocating a small percentage (1-5%) toward "speculative growth" can juice total portfolio performance. BTC is perfect for that category.
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