Opinions
Mike Philbrick
Purpose Bitcoin ETF
BTCC.B-T
RISKY
Jan 26, 2024
$8.100
Stock price when the opinion was issued
0
It's the ideal tool to help you make quicker, more informed decisions for
managing and tracking your investments.
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RISKY
When we talk about crypto, important to specify that most indices use bitcoin itself as a heavy component. Yes, bitcoin has been doing well this year, but still well off its peak. Enormous volatility in the crypto space, which routinely has 70-80% drawdowns every couple of months. Responds to crazy demand/supply markets.
Extremely risky asset class, speak to an expert.
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Risky investment, with volatility. Would recommend smaller position. Good for a portion of portfolio, not a lot.