Express
Asset Management Giant AllianceBernstein Admits Bitcoin Does Have A Role In Asset Allocation
Summary: According to Coindesk, Bernstein Research, the research arm of a global asset management giant AllianceBernstein with an AUM of $631 billion, stated in a research report that Bitcoin should account for 1.5% to 10% of the investment portfolio, depending on the monthly return. The company previously excluded Bitcoin from investment assets in January 2018, but ...
According to Coindesk, Bernstein Research, the research arm of a global asset management giant AllianceBernstein with an AUM of $631 billion, stated in a research report that Bitcoin should account for 1.5% to 10% of the investment portfolio, depending on the monthly return.
The company previously excluded Bitcoin from investment assets in January 2018, but the person in charge of Bernstein Research's portfolio strategy team, Inigo Fraser Jenkins, says that with the changes of the policy environment, debt levels and diversification of investor choices during the Covid-19 pandemic, asset managers "admit Bitcoin does have a role in asset allocation".
By Mary Liu
Tags: AllianceBernstein,Bitcoin,invest
Link: Asset Management Giant AllianceBernstein Admits Bitcoin Does Have A Role In Asset Allocation [Copy]
