It’s been over seven years since the birth of Bitcoin and as its growth continues in 2016 it is a new asset class for the 21st century. As the Brexit vote approaches, China’s woes are heavily weighing down markets, and socialist regimes failing daily investors worldwide are discovering the cryptocurrency’s value. Very well known economists and researchers are discovering Bitcoin’s potential to be a top asset for the future up there with gold, bonds, fine art, and real-estate.
Just recently economist and author Ed Yardeni has written an investment report for the newspaper Barron’s. The news outlet is a weekly publication that covers financial information, market developments, and relevant statistics and is owned by Dow Jones Company. Yardeni says in his editorial the winning portfolio to have in 2016 is “gold, treasuries and Bitcoin.” The economist explains that “Recent developments in the financial markets have done little to bolster confidence in government-sponsored ‘fiat’ currencies.” However, Yardeni details Bitcoin and gold two assets that live outside the stranglehold of government intervention are seeing significant gains. The Barron’s researcher states in the recent report: