Jerome Powell hints long-awaited rate cuts are coming soon. Bullish for Bitcoin.
Matt Hougan, CIO of Bitwise Asset Management ($10B AUM) discusses about investing in crypto. Here is some glimpse from the video https://www.youtube.com/watch?v=wcD4S7mNbE8
Investing in crypto basic rules:
80/20 Rule: Keep 80% in long-term, safe allocations (Bitcoin, ETH, maybe top assets). Use 20% for speculative plays.
Index approach wins: In traditional finance, index funds beat 70–96% of active managers. In crypto, indexing top quality coins works too.
Time, not timing: Wealth comes from holding for years, not chasing quick flips.
Crypto = “Get rich slow” and “Get wrecked quick”.
Bitcoin strategy is required for banks too!
Bitcoin first caught my attention in 2016 when I saw an author asking for donations in it. I got curious and read one sentence: “Bitcoin is a peer-to-peer electronic cash system.” I misunderstood it, thinking it worked like regular online payment systems. Then in 2017, the ICO boom happened, but I still didn’t take the time to really learn about it.
At the time, I thought Bitcoin was too expensive and didn’t realize I could buy just a small piece of it. These misunderstandings cost me a lot.
So, my advice is: don’t worry about the price at first—take time to understand how Bitcoin works. In the crypto world, there will be moments when your knowledge of Bitcoin will really be tested.
Bitwise, a leading name in crypto asset management, has unveiled its ambitious 2025 price predictions for major cryptocurrencies:
Bitcoin: $200,000
Ethereum: $7,000
Solana: $750
For additional insights, read the full article: https://bitwiseinvestments.com/crypto-market-insights/the-year-ahead-10-crypto-predictions-for-2025
One strategy that has worked for me is buying Bitcoin and holding it for years. Many people view Bitcoin as a get-rich-quick scheme, but in reality, it’s a powerful savings technology. Its inherent design empowers ordinary individuals to save without the fear of inflation or government interference devaluing their currency. While gold has served as a store of value for centuries, it has limitations like lack of portability and divisibility. Bitcoin addresses these issues and is emerging as a superior alternative to gold as a store of value.
While people are afraid of bitcoin correction MicroStrategy has acquired 18,300 BTC for ~$1.11 billion at ~$60,408 per bitcoin and has achieved BTC Yield of 4.4% QTD and 17.0% YTD. As of 9/12/2024, we hodl 244,800 BTC acquired for ~$9.45 billion at ~$38,585 per bitcoin.
