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BitGo CEO: Invest 3% in Bitcoin to Prevent Lockdown Devaluation
Summary: Mike Belshe, the CEO of cryptocurrency asset management company BitGo, urged in a series of tweets today that investors should put at least 3% of their net worth into Bitcoin. “This is the lowest risk, highest asymmetric upside investment you will likely see in your lifetime”, he wrote, “the government is being forced to maintain ...
Mike Belshe, the CEO of cryptocurrency asset management company BitGo, urged in a series of tweets today that investors should put at least 3% of their net worth into Bitcoin.
“This is the lowest risk, highest asymmetric upside investment you will likely see in your lifetime”, he wrote, “the government is being forced to maintain lockdowns for political correctness, which will force them to print money even faster. Institutional investors are flagging this and recognize the devaluation will make cash hard to hold”.
Belshe’s prediction could be backed by Microstrategy’s Bitcoin purchasing that was announced Tuesday. The institution has adopted Bitcoin as its treasury reserve asset.
By Lily Yang
Tags: Bitcoin,BitGo,Coronavirus
Link: BitGo CEO: Invest 3% in Bitcoin to Prevent Lockdown Devaluation [Copy]
