• About
  • FAQ
  • Landing Page
  • Buy JNews
Newsletter
Crypto News
Advertisement
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
Crypto News
No Result
View All Result

Equity Strategist Says Crypto Has a Place in Portfolios, Bitcoin Price to Reach $50,000 in 2021

by
December 4, 2020
in Uncategorized
0
Equity Strategist Says Crypto Has a Place in Portfolios, Bitcoin Price to Reach $50,000 in 2021
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Equity Strategist Says Crypto Has a Place in Portfolios, Bitcoin Price to Reach $50,000 in 2021

An equity and derivatives strategist with a global financial services firm specializing in institutional trading believes that bitcoin has a place in investment portfolios. He has a price target for bitcoin of $50,000 in 2021.

Related articles

Bitcoin Price Jumps Over the $60K Zone, Crypto Economy’s Market Cap Climbs Above $2 Trillion

April 10, 2021
LTC Price Prediction

LTC Price Prediction

April 10, 2021

Bitcoin Has a Place in Investors’ Portfolios

BTIG is a global financial services firm specializing in institutional trading, investment banking, research, and brokerage services. The firm has over 3,000 institutional and corporate clients worldwide, according to its website. Its chief equity and derivatives strategist, Julian Emanuel, talked about bitcoin in an interview with CNBC’s Fast Money earlier this week.

He was asked if bitcoin has a place in investors’ portfolios instead of cash. The chief equity strategist replied: “It is not necessarily instead of cash. It is instead of the 40% that would be the traditional 60/40 bond allocation.”

He explained that “if the Fed is not going to permit negative rates and they’ve been vocal about it, and we’re starting to see signs of inflation, it’s reasonable to expect that you could have losses in bond portfolios in the foreseeable future.” The strategist continued: “when you combine that with the fact that you’ve got this entire cohort of young investors, the same ones that were really aggressively pushing technology stocks this summer who have 40-year investing horizons an alternative to bonds is very, very sensible.” Emanuel added:

From our point of view, while the Fed continues to add to its balance sheet and the U.S. debt continues to go higher, bitcoin is a viable alternative.

He was then asked if companies should consider holding bitcoin instead of cash equivalents on their balance sheets.

“It’s certainly, again, an alternative and we’ve seen several of them come to that conclusion and one of the facts of life is that you really haven’t been rewarded, and perhaps rightly so, in this zero interest rate environment for cash,” he replied. While emphasizing, “I don’t know that I want to go quite that far because again that’s an individual corporate management perspective,” he said:

In a diversified investment portfolio, we do think there is a place for crypto.

Bitcoin’s Price Target of $50,000 in 2021

Emanuel has a price target for bitcoin of $50,000 by the end of 2021 which he feels is a reasonable price forecast.

To arrive at this price prediction, he compared the price of bitcoin to the Nasdaq 100 (NDX), which peaked in the dot-com bubble and then took years to reach that peak again.

“It took NDX 14 years to rise above its parabolic ‘blowoff top,’ then 6 years to rise a further 150%,” he wrote, adding:

Bitcoin appears poised to exceed its 2017 parabolic ‘blowoff top’ in a mere 3 years. Should bitcoin’s speed of ascent keep pace with the past three years and the degree of the rally approximate that of NDX, $50,000 per bitcoin is a reasonable year end 2021 price target.

What do you think about Julian Emanuel’s view on bitcoin? Let us know in the comments section below.

The post Equity Strategist Says Crypto Has a Place in Portfolios, Bitcoin Price to Reach $50,000 in 2021 appeared first on Bitcoin News.

Share76Tweet47

Related Posts

Bitcoin Price Jumps Over the $60K Zone, Crypto Economy’s Market Cap Climbs Above $2 Trillion

by
April 10, 2021
0

Cryptocurrency markets have gathered fresh gains this weekend, as bitcoin’s value spiked above the $60k handle touching $61,222 per unit...

LTC Price Prediction

LTC Price Prediction

by
April 10, 2021
0

Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. Litecoin is an...

All that mined is not green: Bitcoin’s carbon footprint hard to estimate

by
April 10, 2021
0

The impact of BTC mining on the environment has turned into a debate — here’s what academics think and if...

An ECB Board Member Attacks Bitcoin, Says It ‘Does Not Fulfill the Basic Properties of Money’

by
April 10, 2021
0

Isabel Schnabel, a board member with the European Central Bank (ECB), has attacked bitcoin claiming the crypto asset “does not...

P2P Trading Soars: Are we Witnessing a Backlash from Disgruntled “Centralized Platform” Investors?

by
April 10, 2021
0

The headlines in trading cryptocurrency belong these days to a range of decentralized platforms, including decentralized exchanges (DEXs) that still...

Load More
  • Trending
  • Comments
  • Latest
Grayscale’s Crypto Assets Under Management Soar Past $30 Billion — ‘Institutions Are Here’

Grayscale’s Crypto Assets Under Management Soar Past $30 Billion — ‘Institutions Are Here’

February 6, 2021
Grayscale Investments Buys more ETH as Ethereum Price Shoots to New All-Time High of over $1550

Grayscale Investments Buys more ETH as Ethereum Price Shoots to New All-Time High of over $1550

February 3, 2021

Mark Cuban Invests in Mintable

March 6, 2021
Only 5% of Financial Executives Want to Invest in Bitcoin in 2021, According to Survey

Only 5% of Financial Executives Want to Invest in Bitcoin in 2021, According to Survey

February 17, 2021

Bitcoin Price Jumps Over the $60K Zone, Crypto Economy’s Market Cap Climbs Above $2 Trillion

0

China Is Reportedly Moving To Clamp Down On Bitcoin Miners

0

Inside the Chinese Bitcoin Mine That’s Grossing $1.5M a Month

0

All You Need to Know About This Whole SegWit vs. SegWit2x Thing

0

Bitcoin Price Jumps Over the $60K Zone, Crypto Economy’s Market Cap Climbs Above $2 Trillion

April 10, 2021
LTC Price Prediction

LTC Price Prediction

April 10, 2021

All that mined is not green: Bitcoin’s carbon footprint hard to estimate

April 10, 2021

An ECB Board Member Attacks Bitcoin, Says It ‘Does Not Fulfill the Basic Properties of Money’

April 10, 2021
Crypto News

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

Categories tes

  • Aave (AAVE)
  • Abra
  • Alt Season
  • altcoin
  • Altcoin Market Cap
  • Altcoin News
  • altcoin prices
  • altcoins
  • Altseason
  • Barstool Sports
  • Basic Attention Token (BAT)
  • Binance
  • Binance (BNB) News
  • Binance Coin (BNB)
  • Binance Ecosystem
  • Binance Smart Chain
  • Binance Smart Chain (BSC)
  • bitcoin
  • Bitcoin
  • Bitcoin (BTC) Adoption
  • Bitcoin (BTC) General News
  • Bitcoin (BTC) News
  • Bitcoin (BTC) Predictions
  • Bitcoin Cash (BCH)
  • Bitcoin Cash (BCH) General News
  • Bitcoin dominance
  • Bitcoin ETF
  • Bitcoin Futures
  • Bitcoin Miners
  • bitcoin network
  • Bitcoin Options
  • Bitcoin price
  • Bitcoin SV (BSV)
  • Bitfinex
  • BitGo
  • Bitstamp
  • Bittrex
  • Blockchain
  • Blockchain News
  • bloomberg
  • Brad Garlinghouse
  • Business
  • Cameron Winklevoss
  • Cardano (ADA)
  • Cardano Upgrade
  • Cash app
  • CFTC
  • ChainLink
  • ChainLink (LINK)
  • Chainlink (LINK) News
  • Chainlink Community
  • Chainlink Oracles
  • Chainlink Price Prediction
  • Changpeng Zhao
  • Charles Hoskinson
  • charlie lee
  • CME Ethereum Futures
  • CME Group
  • coinbase
  • Coinmarketcap
  • Commodity Futures Trading Commission
  • Consensys
  • Craig Wright
  • Crypto Exchanges
  • cryptocurrency
  • Dash (DASH)
  • Dave Portnoy
  • Decentraland (MANA)
  • DeFi
  • DeFi Pulse
  • Deribit
  • Dogecoin (DOGE)
  • Electric Coin Company
  • Elon Musk
  • ETH 2.0
  • ETH2.0
  • Ethereum
  • Ethereum (ETH)
  • Ethereum (ETH) News
  • Ethereum 2.0
  • Ethereum Classic (ETC)
  • Ethereum Fees
  • Ethereum Futures
  • Ethereum Miners
  • Ethereum Network
  • ethereum price
  • Ethereum price analysis
  • Ethereum Staking
  • Ethereum Upgrade
  • Ethereum Upgrades
  • Filecoin (FIL)
  • Flare Networks
  • Flare Networks Snapshot
  • Gemini
  • google
  • Grayscale
  • Grayscale Bitcoin Trust (GBTC)
  • Grayscale Ethereum Trust (ETHE)
  • Grayscale Investments
  • Guide
  • Guides
  • Huobi
  • Institutional Investors
  • jack dorsey
  • Jay Z
  • justin sun
  • JustSwap
  • LINK Marines
  • Litecoin
  • Litecoin (LINK)
  • Litecoin (LTC)
  • Litecoin (LTC) News
  • Litecoin Development
  • litecoin foundation
  • Litecoin MimbleWimble
  • Maker (MKR)
  • Market
  • Michael Saylor
  • MicroStrategy
  • MimbleWimble
  • Mining
  • Monero (XMR)
  • Moneygram
  • News
  • NFT
  • NFTs
  • Non-Fungible Tokens
  • OKECoin
  • Other
  • Pantera Capital
  • Polkadot (DOT)
  • Polkadot Price Analysis
  • Poloniex
  • Prices
  • Regulation
  • ripple
  • Ripple
  • Scams and Hacks
  • sec
  • Securities and Exchange Commission
  • Signal
  • Spark Token (FLR)
  • Spark Token Airdrop
  • Spark Tokens (FLR)
  • Square
  • Stimulus Bill
  • Stimulus Check
  • SushiSwap (SUSHI)
  • Tesla
  • Tether (USDT)
  • tether bitfinex lawsuit
  • Theta Network (THETA)
  • Theta Token
  • Tron (TRX)
  • TRON (TRX) News
  • Tron Foundation
  • Twitter
  • Tyler Winklevoss
  • Uniswap
  • UniSwap (UNI)
  • Wallets and Exchanges
  • WallStreetBets
  • Weiss Ratings
  • WhatsApp
  • World
  • Wrapped Bitcoin (WBTC)
  • XRP
  • XRP Army
  • XRP News
  • XRP Price Prediction
  • Yearn Finance (YFI)
  • Youtube
  • Zcash (ZEC)
  • ZCash Halving
  • Zeus Capital
  • Zilliqa (ZIL)
  • Zilliqa (ZIL) News
  • Zilliqa Staking

Tags

Altcoin Bitcoin drops Bitcoin Wallet Cointelegraph Cryptocurrency ICO Investment Lending Market Stories Mining Bitcoin

Newsletter

[mc4wp_form]

  • About
  • FAQ
  • Support Forum
  • Landing Page
  • Buy JNews
  • Contact Us

© 2017 JNews - Crafted with love by Jegtheme.

No Result
View All Result
  • Contact Us
  • Homepages
  • Business
  • Guide

© 2018 JNews by Jegtheme.