Investment Advisors Suggest Bitcoin as a Long Term Asset

Investment Advisors Suggest Bitcoin as a Long Term Asset


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Thom Lachenmann and Parke Shall, advisors at Orange Peel Investments, have invested in bitcoin and suggest investors take a small position in the asset for the long term. Writing in Seeking Alpha, they noted that the Brexit referendum is a sign that bitcoin will become a serious safe haven for investors.

Brexit chart

The advisors noted they were not quick to take an interest in bitcoin when it began. They were skeptical of a currency that was not widely accepted or regulated. But in eight years, they see it is being used as a safe haven for investors looking to evade the British pound’s volatility and by Chinese investors seeking to exit local currencies.

‘First Real Moment In The Sun’

The advisors noted this is bitcoin’s “first real moment in the sun” after the price jumped more than gold’s value did

Read more ... source: TheBitcoinNews

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