Is Bitcoin digital gold? In this part of ‘On Purpose, With Tyrone Ross’, we dig into bitcoin narratives as financial advisors see them and explore the concept of bitcoin as a market of value.
“Saying ‘Internet Money’… What else in my portfolio is like Internet Money? Hmmm….” utter independent investment advisor and ‘On Purpose’ host Tyrone Ross, “but when you say ‘Digital Gold’, alright… Clients can wrap their heads far the digital part, they can wrap their heads around the gold part. They probably own gold in a portfolio already, and then you can get into asymmetric indemnifications and uncorrelated to other assets in the portfolio… Bitcoin is mined and there’s gold mining…. You can start these basic frameworks for the advisor to gather and also make it accessible to clients.”
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