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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

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To: TobagoJack who wrote (169045)	3/1/2021 7:43:43 PM
From: Julius Wong	Read Replies (1) of 217740

Bitcoin works as 'digital gold' - Fidelity Mar. 01, 2021 12:32 PM ET Bitcoin USD (BTC-USD) By: Stephen Alpher, SA News Editor 278 Comments The Director of Global Macro for Fidelity Global Asset Allocation, Jurrien Timmer, appears to be fully on board with Bitcoin ( BTC-USD), saying the crypto has both a compelling supply and demand dynamic. And with a current asset value of just $900B vs. gold's $11T and total global financial assets of $160T, there's still plenty of upside. Timmer: "If Bitcoin is a legitimate store of value, is scarcer than gold, and comes complete with potentially exponential demand dynamic, then is it now worth considering for inclusion in a portfolio?" The question, he says, may no longer be "whether," but instead "how much?" Moving on, Goldman Sachs (NYSE: GS) has reportedly restarted its cryptocurrency trading desk. The bank famously put the kibbosh on its crypto trading desk in mid-2018 as bitcoin and others were crashing following their big 2017 run. In today's FUD, it comes courtesy of New York Attorney General Letitia James, who tweets: "There are extreme risks in investing in virtual or cryptocurrencies and it’s imperative that we act to protect investors' wallets ... I’m warning New Yorkers and investors across the country that investing in this unstable market is not prudent and could cause devastating losses." As counterpoint to James, there's Miami Mayor Francis Suarez who has pinned to the top of his feed his desire for that city to embrace Bitcoin.

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