“I just heard some finance guy on Fox Biz say that 1-2% in a bitcoin ETF would be prudent.”
Fox Biz is one way I figure out what not to do.
That said—1 to 2% in tulip bulbs is fine—it will not affect your life very much.
The tulip craze lasted a few months.
Bitcoin has been around for more than a decade.
You keep referring to the “Tulip Craze” but it has almost zero in common with that.
I get that you don’t like Cryptos. And for most of the little ones, I don’t disagree. But the major banks in this country have been using digital tokens and blockchain internally for about five years now.
My point wasn’t to get all of your advice from FBN. My point is that people in the business are talking about it as a legitimate investment device. THAT was unheard of just a year ago.
Adoption will be slow…until it isn’t.