Part 8

Is Bitcoin a Risk On Asset or is Bitcoin a Risk Off Asset?

Many investors think incorrectly in our opinion in ‘Bitcoin versus the dollar’, or simply of it as ‘Bitcoin instead of the dollar’. We think investing in Bitcoin is not binary. It is a growth asset in its own rite. Many investors incorrectly think of it as only good for a hedge asset. We do find it makes for an excellent uncorrelated hedge asset. However, most hedges typically don’t consistently outperform the wider markets returns in a variety of conditions, they are suppos...

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