Should I Own Bitcoin?
Let me tell you a story.
A couple of years ago, I attended an investment conference in Italy. While dining outside with a few investment professionals on the shores of beautiful Lake Maggiore (highly recommended, by the way), I was eager to chat with a friend who had recently started a cryptocurrency fund. Having followed Bitcoin since 2011 and read Satoshi Nakamoto’s original white paper, I was excited to learn how he made buy and sell decisions in the crypto market.
Let’s Connect
To my disappointment, his answers were no better than those you’d hear from the typical “crypto bros” online. Despite my belief that Bitcoin and other cryptocurrencies will play a significant role in the future, the critical question remains: at what price?
If Bitcoin’s future value is $1,000,000 per coin, then investing now seems like a no-brainer. But if it stabilizes at $1,000 per coin, the potential downside is substantial. This highlights the importance of knowing when to buy and sell, a component often missing from the Bitcoin conversation.
My Conversation with a Professional Cryptocurrency Investor
So, should you own Bitcoin in your portfolio? The answer isn’t straightforward. It depends on your individual goals and risk tolerance. This is where we can help. By understanding your financial objectives, we can determine whether Bitcoin is a suitable investment for you.
Investing in Bitcoin isn’t just about jumping on the bandwagon; it’s about making informed decisions that align with your overall strategy. Let’s discuss your goals and see if Bitcoin fits into your financial plan. Your journey to financial success is unique, and we’re here to help you navigate it.
This document is a general communication being provided for informational purposes only. It is educational in nature and not designed to be taken as advice or a recommendation for any specific investment product, strategy, plan feature or other purpose in any jurisdiction, nor is it a commitment from Directional Advisors to participate in any of the transactions mentioned herein. Any examples used are generic, hypothetical and for illustration purposes only. This material does not contain sufficient information to support an investment decision and it should not be relied upon by you in evaluating the merits of investing in any securities or products. In addition, users should make an independent assessment of the legal, regulatory, tax, credit, and accounting implications and determine, together with their own financial professionals, if any investment mentioned herein is believed to be appropriate to their personal goals. Investors should ensure that they obtain all available relevant information before making any investment. Any forecasts, figures, opinions or investment techniques and strategies set out are for information purposes only, based on certain assumptions and current market conditions and are subject to change without prior notice. All information presented herein is considered to be accurate at the time of production, but no warranty of accuracy is given and no liability in respect of any error or omission is accepted. It should be noted that investment involves risks, the value of investments and the income from them may fluctuate in accordance with market conditions and taxation agreements and investors may not get back the full amount invested. Both past performance and yields are not reliable indicators of current and future results.