Matt Horne from asset management firm Fidelity Investments has endorsed Bitcoin investments and said they serve as a good diversification strategy for investors.
Bitcoin became a leading subject at one of the events at the 2024 Vision Conference in Texas, US. Asset management firm Fidelity Investments was the one that stirred the topic with its senior executive, Matt Horne. The executive, serving as the head of digital strategies at the firm, spoke in detail about the potential benefits of Bitcoin investments.
Meanwhile, the 2024 Vision conference saw a congregation of many crypto enthusiasts and advisors. At the event, Horne claimed that small Bitcoin allocations could work wonders for long-term investment strategies. He also stressed on a common problem plaguing investors and advisors in the space.
Explaining the issue of analysis paralysis, he said, “It’s tough because a lot of professional investors are able to model out every asset class given the amount of data that’s at our fingertips now. With digital assets, you don’t have the luxury… and I think that’s fine.”
As a result, he urged the audience to focus on the underlying technology of Bitcoin and its huge potential. He advised a 1-5% allocation to BTC to derive its benefits. On the other hand, declines in BTC prices would also not majorly affect portfolios with such small allocations. The analogy could make sense for traditional investors looking to venture towards Bitcoin.
Asset management firms like Franklin Templeton have also laid focus on similar theories. In recent months, the spot Bitcoin ETFs have helped new crypto investors enter the market as well.
At the same time, Horne’s speech coincides with another interesting development. Bitcoin’s price jump over the last few days has been indicative of Horne’s advice. More crypto investors could have joined the market and traded and invested in crypto.
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