According to Dan Morehead, Bitcoin (BTC) Is A Better Investment Tool Than Bonds!

Dan Morehead of asset management firm Pantera Capital, bitcoinHe said that BTC (BTC) is a better investment vehicle compared to bonds.

Speaking in Pantera Capital’s regular newsletter, “Blockchain Letter,” the CEO explained why the flagship cryptocurrency is the most “asymmetrical” trade in a generation.

“I’ve spent my career looking for asymmetric trades, trades where upside is down most of the time. Frankly, Bitcoin (BTC) and blockchain represents the most asymmetrical commerce in a generation.

Bonds, on the other hand, are at the opposite pole. The potential upward move represents only a small fraction of the very real downside.”

After comments from the European Central Bank (ECB) and the US Securities and Exchange Commission (SEC) that Bitcoin is a manipulated market and a historic bubble in the making, Morehead says governments should instead look inside.

“The largest Ponzi scheme in history is the U.S. government and the mortgage bond market – at $33 trillion – all driven by a dominant non-economic actor that trades based on tangible, non-public information.”

Morehead stated that the Bitcoin market is too large to be manipulated, citing the daily trading volume as the reason, and that bond investors are actually the ones who can lose their investments.

“When the Fed stops manipulating the bond market, bond investors will definitely be destroyed.”

The CEO also advised investors to allocate Bitcoin and other crypto assets to limit their risk against the bond bubble.

“One day, the financial weight will continue to work.

If you’re an institutional investor holding any bond, but especially if you like the classic 60/40 stock/bond portfolio, you may want to hedge the bond bubble with Bitcoin/crypto assets…

With a market cap of just $3 trillion, buying crypto seems like a great hedge.”

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.

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