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Advisors keep Bitcoin in their portfolio despite steep corrections
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The crypto market saw somewhat of a blood bath over the weekend, on the back of a 22% Bitcoin plunge. While some recovery is on the way, advisors have been keeping large-cap Bitcoin constant in their portfolios.
In a recent interview, Ted Oakley, founder and Managing Partner of Oxbow Advisors, took a similar position. He said,
“Take whatever position you’re going to take, whether it be 2% or 3%, in the larger either Ethereum or Bitcoin, something along that line, and just own it…”
The two assets are considered relatively “safe” options. However, Oakley was quick to reiterate that these are still volatile assets. With that, it is also worth noting that the industry considers Ethereum and Bitcoin to be “sufficiently decentralized,” hoping it
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