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ON PURPOSE: Digital Gold - How Should Financial Advisors Be Thinking About Bitcoin?

ON PURPOSE: Digital Gold - How Should Financial Advisors Be Thinking About Bitcoin?

FromMarkets Daily Crypto Roundup


ON PURPOSE: Digital Gold - How Should Financial Advisors Be Thinking About Bitcoin?

FromMarkets Daily Crypto Roundup

ratings:
Length:
18 minutes
Released:
Feb 6, 2021
Format:
Podcast episode

Description

Is Bitcoin digital gold? In this episode of ‘On Purpose, With Tyrone Ross’, we dig into bitcoin narratives as financial advisors see them and explore the concept of bitcoin as a store of value.“Saying ‘Internet Money’… What else in my portfolio is like Internet Money? Hmmm…." said independent investment advisor and 'On Purpose' host Tyrone Ross, "but when you say 'Digital Gold', alright... Clients can wrap their heads around the digital part, they can wrap their heads around the gold part. They probably own gold in a portfolio already, and then you can get into asymmetric returns and uncorrelated to other assets in the portfolio… Bitcoin is mined and there’s gold mining…. You can start these basic frameworks for the advisor to understand and also make it accessible to clients.”A message from Tyrone:The greatest number of people living in poverty are children, we need to change that. If you can, get involved and give back to NoKidHungry.org. Love and Light. I appreciate you!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Feb 6, 2021
Format:
Podcast episode

Titles in the series (100)

Tune in as CoinDesk Editor Adam B. Levine and Associate Producer Adrian Blust run down daily action in crypto markets and some of the most important recent industry developments.