摘要:Denigrated by its opponents for its volatility and speculative nature, Bitcoin, which keeps breaking records, can have its uses within a multi-asset portfolio, says Robeco.
Denigrated by its opponents for its volatility and speculative nature, Bitcoin, which keeps breaking records, can have its uses within a multi-asset portfolio, says Robeco.
Bitcoin, which was worth less than $10,000 a year ago, now has a capitalization of more than $1 trillion, the Robeco note recalls. The best-known cryptocurrency hit a new record high on Wednesday at $64,895.22, as banks and businesses show increasing interest in the new asset.
According to research by Robecos multi-asset team, Bitcoin could make a 1% allocation in a standard, well-diversified multi-asset portfolio, provided certain risk controls and strict portfolio management rules are applied.
“Bitcoin is making headlines every day - not only because of its meteoric rise and unparalleled volatility but also because of the heated debates between its supporters and opponents,” Robeco explains in the note.
“But what piques our interest more is the growing consensus on the real nature of Bitcoin,” he adds. “In recent months, we've started to hear a clear and emphatic narrative explaining that Bitcoin is becoming a store of value taking the form of digital gold.”
As such, Bitcoin can play a role as a hedge against inflation, similar to gold, he adds.
“If you are looking for a potential hedge against inflation, a collapse in real bond yields, and/or a devaluation of the U.S. dollar, investing in digital gold could be a prudent step that helps to better diversify the portfolio,” the manager argues.
Meanwhile, Coinbase Global, the largest U.S. cryptocurrency trading platform, soared on Wall Street in its Nasdaq debut, giving it a valuation of about $100 billion and marking another milestone in the development of Bitcoin and other digital assets.
The stock opened at $381, up 52.4% from the benchmark price of $250. A share price of $381 gives Coinbase a valuation of $99.95 billion on a fully diluted basis and a market capitalization of $75.9 billion.
Coinbase's launch via a direct listing marks a victory for digital currency advocates in a year that has seen many high-profile companies, including Tesla, enter the sector.
Founded in 2012 in San Francisco, Coinbase claims 56 million users worldwide and $223 billion in assets under management, representing 11.3% of the crypto-asset market share.
The company was valued at just under $6 billion last September, but its value has risen alongside Bitcoin's.
(Chart Source: Tradingview 14.04.2021)
For the first quarter, as the price of Bitcoin more than doubled, Coinbase estimated its revenue at more than $1.8 billion versus $1.3 billion for the full year of 2020. Its quarterly net profit came in at between $730 million and $800 million, according to group estimates.
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又是时候了,乡亲们;周末。随着周末的结束,是时候再次回顾本周的高潮和低谷、成功和失败了。今早与交易员聊天,大多数图表观察家和屏幕监查者都在谈论的一个重大举措似乎是比特币的暴跌。“爱它还是恨它”加密图标本周进一步下跌了16%,延续了最近的跌幅。比特币从本月早些时候的历史高点下跌了近20%。那么,让我们来看看是什么原因导致了这一举动,就像以往一样,如果你抓住了这一举动?做得好!如果没有?总有下个星期。
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