[Digital Today Reporter Hyun-woo Choo] JPMorgan made a recommendation on investing in virtual assets including bitcoin. It is advised to make as conservative investments as possible during a bearish market, but keep the ratio to a minimum.
According to Bloomberg on the 26th (local time), JPMorgan analyst Joyce Chang and Amiho reported that virtual assets are becoming more preferred as a hedging tool against the sharp fluctuations of traditional investment assets such as stocks and bonds. 1% of them recommended holding virtual assets.
However, he urged to be careful not to exceed the maximum 1% in consideration of the recent downtrend. In addition, he added that it should be noted that virtual assets, including bitcoin, are an investment vehicle and not the largest hedging vehicle.
JPMorgan predicts that Bitcoin’s next decline in resistance will form at $40,000. In addition, it was analyzed that the demand for investment by institutions and others is still high.
Coinpost, a media specialized in virtual assets, introduced the investment principles of famous virtual asset investor Paul Tudor Jones. He said he is allocating 2% of the asset’s virtual asset investment portfolio to Bitcoin. Coinshares, a virtual asset investment company, is about 4%.
In general, when a composite portfolio is composed of stocks and bonds, it is recommended that the ratio of virtual assets is usually 2~4%.
Author/ Translator: Jamie Kim
Bio: Jamie Kim is a technology journalist. Raised in Hong Kong and always vocal at heart. She aims to share her expertise with the readers at blockreview.net. Kim is a Bitcoin maximalist who believes with unwavering conviction that Bitcoin is the only cryptocurrency – in fact, currency – worth caring about.