The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

‘I’ve Changed My Mind’ on Bitcoin – $631B Asset Manager Reverses Stance on King Crypto

by Ponvang Bulus
December 4, 2020
in HodlX
HodlX Guest Post  Submit Your Post
 

A top market strategist, asset manager and long-term critic of Bitcoin and cryptocurrency, Inigo Fraser-Jenkins, says he has changed his mind on Bitcoin’s status as an asset. In a note to investors on November 30, 2020, the co-head of portfolio strategy at Bernstein Research, a global asset management firm with $631 billion in assets under management, said he now considers Bitcoin as an asset that investors should have in their portfolio.

“I have changed my mind about Bitcoin’s role in asset allocation,” said Inigo Fraser-Jenkins in Monday’s note to clients, reports Business Insider.

Fraser-Jenkins has been a strong critic of Bitcoin. He stated in 2018 that it was not a reliable asset and was impossible to invest in. His stance could have been exacerbated by the bloody crash that the asset experienced in 2018 following the all-time high price of 2017. Times, however, have changed and so has his perspective of the top cryptocurrency.

Fraser-Jenkins now says that the coronavirus pandemic has affected the way the world is run, including policymaking, debt and the options available to investors for diversification. As a result, Bitcoin has emerged as an attractive investment option, which could be meaningful under the current circumstances.

He, however, expressed concern that the cryptocurrency industry could be frustrated by the government if they perceive it as a hindrance to the implementation of their economic policies, also adding that crypto is still too small to cause such action and may continue to thrive as long as it remains legal.

Fraser-Jenkins said,

“The greater role that governments will likely play in economies makes cryptos potentially more appealing. These very same forces also may hinder crypto. If they get in the way of policy implementation, then governments might seek to constrain them. The attractions of cryptos are what also make them potentially an annoyance for policymakers. Cryptos do have a place in asset allocation … for as long as they are legal.”

Corporate organizations have entered the crypto industry significantly in 2020 with companies such as Square buying more. As it is now, there is more than half a million Bitcoin on corporate balance sheets. Top digital assets manager Grayscale, which helps corporate investors acquire and manage cryptocurrencies, has also recorded high inflow of investments recently.

According to Fraser-Jenkins, this is due to Bitcoin’s reduced volatility over the years, one of the factors that he said may have attracted corporate investors to the space. He now recommends that investors hold some amount of Bitcoin in their portfolio for the long run.


Ponvang Bulus

Ponvang Bulus is a cryptocurrency enthusiast, and he writes on cryptocurrency and blockchain technology. As a believer in the glorious future of blockchain, he is helping to spread the word and get the message out there for the world to embrace the future now. 

 
Check Latest Headlines on HodlX


Follow Us on Twitter Facebook Telegram

Check out the Latest Industry Announcements
 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Sergey Nivens

Submit a Press Release

Industry Announcements

  • BlockJoy Secures Nearly $11 Million From Gradient Ventures, Draper Dragon, Active Capital and More To Launch Decentralized Blockchain Operations
    February 2, 2023
  • Peer Acquires Elite Team of Engineers Behind Zenly’s Popular 3D Maps
    February 1, 2023
  • Sign Up Today for the TRON Grand Hackathon aka HackaTRON Season Four
    February 1, 2023
  • MegaWorld Land Gameplay on BNB Chain Starts February 15, 2023
    February 1, 2023
  • Web 3.0 Hackathon on Astar Sponsored by Toyota Motor Corporation
    February 1, 2023
  • Match-Trader White Label by B2Broker Gives Brokers a Comprehensive Online Trading Platform With B2Core Integration
    February 1, 2023
  • Addressable Raises $7.5 Million To Enable Web 3.0 Companies To Acquire Users at Scale
    January 31, 2023
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$22,842.12
$22,842.12
2.36%
Ethereum
$1,629.85
$1,629.85
2.41%
Cardano
$0.39191
$0.39191
2.36%
XRP
$0.397954
$0.397954
3.29%
Dogecoin
$0.092283
$0.092283
3.88%

Spotlight

  • ARK Invest’s Cathie Wood Details Massive 2,000% Bitcoin Rally Prediction After Crypto Market Bounce
    February 1, 2023
  • Popular Crypto Analyst Forecasts Explosive Bitcoin Rally As Potential Golden Cross Spotted – But There’s a Catch
    February 4, 2023
  • Analyst Nicholas Merten Issues Warning, Says Stocks and Crypto About To Trap Traders Before New Lows
    January 30, 2023
  • Two Altcoins May Significantly Outperform Bitcoin and Crypto Market in Next Cycle, According to Coin Bureau
    February 2, 2023
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX •
Futuremash •
Industry Announcements

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2023 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX

© 2023 The Daily Hodl