Former Bitcoin Critic Now Says Bitcoin Is Critical For Every Investment

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Former Bitcoin Critic Now Says Bitcoin Is Critical For Every Investment Portfolio – Here’s Why

Portfolio strategist and co-head of research at Bernstein Research, Inigo Fraser Jenkins has finally changed his mind about Bitcoin’s worth after two years of criticism.

Jenkins, who once said that Bitcoin had no place in any investment portfolio has revised his view and declared that every investor should consider adding Bitcoin to their portfolios.

The remarks came as Bitcoin surpassed its 2017’s all-time high just below $20,000 following a rallying journey that started shortly before its third halving in May. Bitcoin has now registered  160% year-to-date gains as one of the top-performing digital assets especially in the second half of 2020.

Jenkins said that his changed perspective isn’t based on the ongoing Bitcoin rally alone. Several factors surround his newfound respect for the top coin in the crypto market. First, he said that the Coronavirus has played a big role in changing dynamics in favor of Bitcoin.

   
The policy on the environment, debt levels as well increased diversity of options have all made Bitcoin extremely attractive as an asset.

Not only did the pandemic introduce an undeniable correlation between bitcoin and other stores of values, but it also showed bitcoin’s independent regeneration and preference over stocks and precious stones.

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