GBTC - How Does Bitcoin Fit In An Investment Portfolio?
2024-06-26 00:45:00 ET
Summary
- Bitcoin is a digital currency that’s evolved into a digital store of value with some characteristics of gold.
- The important issue for investors is how it’s valued, which depends on a variety of factors.
- The price of bitcoin may just boil down to what someone will pay for it given the circumstances.
Bitcoin’s ( BTC-USD ) price has surged in 2024, surpassing pandemic-era peaks. The climb has followed the approval of spot bitcoin exchange-traded products (ETPs), which opened up the cryptocurrency for investors of all stripes. Easier access may not be the only reason for the rising price. What does it even mean to put a price on this asset? And how does such a volatile asset fit into a broader portfolio?
Ashley Oerth, Associate Global Market Strategist at Invesco, and Ken Blay, Head of Research for Invesco’s Global Thought Leadership team, joined the Greater Possibilities podcast to talk about bitcoin and its potential place in a portfolio alongside stocks and bonds.
Transcript
Brian Levitt:
Welcome to the Greater Possibilities Podcast from Invesco, where we put concerns into context and the opportunities into focus. I’m Brian Levitt.
Jodi Phillips:
And I’m Jodi Phillips. And on the show today are Ashley Oerth from Invesco’s Global Market Strategy Office, and Ken Blay, Head of Research for the Global Thought Leadership team. And Brian, we’ve brought them on today to talk about bitcoin.
Brian Levitt:
Good. I get a lot of questions about bitcoin, certainly with the moves that we’ve had again more recently.
Jodi Phillips:
All right. You get a lot of questions. Do you have any answers when you get those questions?...
How Does Bitcoin Fit In An Investment Portfolio?