.How Should the Portfolio Allocation be in Bitcoin? – Bitcoin price still meets strong selling pressure near a key trend line. This indicates that there is more risk of negativity for BTC and altcoins in the coming days.
On March 24, Tesla CEO Elon Musk announced that US buyers can now buy Tesla vehicles with Bitcoin (BTC). Musk also tweeted that Tesla will not convert BTC payments to fiat but will add about 48,000 Bitcoins to its current treasury.Wedbush Securities analyst Dan Ives expects Bitcoin to account for less than 5% of Tesla transactions. However, as the use of crypto increases, the percentage may increase. The analyst said Tesla’s move could be a decisive moment for Bitcoin from a transactional point of view.
This week, CNBC host Jim Cramer thanked Anthony Pompliano on the Pomp Podcast for persuading him to invest $ 500,000 in Bitcoin (BTC) in September 2020. Cramer said investing in Bitcoin has earned him “a ton of money”.
At the same time, however, Cramer said that the gold investment “disappointed him”. Because of this, Cramer changed its old recommendation to allocate 10% of the portfolio to gold. He now advises investors to put 5% below and 5% in Bitcoin of their portfolio allocation.
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