Bitcoin is a “very cheap” retirement asset, as the bull run continues, according to experts Stadt & Wirtschaft | Finances
A Bitcoin expert states that an investment in the cryptocurrency for age portfolios is “very cheap”. Speaking to Express.co.uk, Max Keizer said: “The fact is that, for example, every possible investment alternative, stocks and bonds are traded in the bubble area with the exception of Bitcoin. As the world catches up with this incredible new asset class, the upside is very cheap.
“Having some in your retirement account makes a lot of sense.”
After the price of Bitcoin has skyrocketed in the past 12 months, some experts believe that cryptocurrencies could be the next capital to make bigger investments out of retirement plans.
With bonds generating some of the lowest dividend yields in decades, retirees are also considering diversifying their retirement portfolio into Bitcoin.
Bitcoin, like gold, is now seen as a legitimate inflation hedge.
READ MORE: Bitcoin: Jeff Bezos and Amazon “Secretly Create Rival Crypto”
Coinbase’s IPO was seen as a turning point for decentralized finance and digital currencies.
Regarding the importance of Coinbase’s IPO, Asen Kostadinov, strategy manager at leading London crypto custody provider Copper, told Express.co.uk: “This is the most important IPO in crypto to date.
“Coinbase is a credible, regulated, and profitable blue-chip tech stock that is also a purely crypto company.
“As such, it will likely be a stake for any tech investor / ETF fund, and it will also be the best proxy investor in the crypto market ever.”
“The IPO will see new types of investors entering the crypto space. Some of them will see the benefit of owning crypto assets directly as opposed to having a proxy.
“The institutional rollout of crypto has clearly passed a major tipping point since the last quarter of 2020, which speaks for the maturity and credibility of the space.
“The growth of the industry last year is much more sustainable than in 2017.
“The indicators are that this bull market has to go further and we are not yet at the top with such strong liquidity, transactions at record highs and institutions buying as much as they are.”
Speaking to Express.co.uk this week, however, investment expert Chris Clothier said investors should be wary of Bitcoin’s volatility.
He said, “It is possible that Bitcoin will continue to be successful, but we believe that it is likely to be very volatile and there is a pretty good chance that it will become worthless.
“It is therefore not an appropriate asset for a conservative fund manager to be included in our portfolio.”
The world’s pre-eminent cryptocurrency saw a slight decline in mid-April. Some suspect this was due to a sell-off by Tesla, which has invested part of its balance sheet in Bitcoin.
Express.co.uk does not provide financial advice. The journalists who worked on this article do not own any cryptocurrency.