A lot of info in there to summarize, but it's an extremely bullish presentation by Thomas Lee, Wall Street strategist (JP Morgan) with over 25 years of experience in equity research, and has been top ranked by Institutional Investor every year since 1998. Thoughts?
>store of value market $280 trillion, if BTC captures 1% of market price will be $150,000
>crypto correlation to other asset classes low and falling
>millennials average age is 26, still early and approaching prime income years, don't trust banks and like growth stocks, and they aren't buying gold or equities
>Bitcoin reduces your portfolio volatility This is so crazy it might actually work
Isaiah Wright
Thomas Lee, Wall Street strategist (JP Morgan) with over 25 years of experience in equity research, and has been top ranked by Institutional Investor every year since 1998
stupid fucking brainlets, I don't even need to watch the video to know he means allocating a small percentage of your portfolio when he says this, like 1-5%
Unlike you turbo autismos who put 100% of your portfolio into this shit show. But the guy in the video is right because crypto is still an uncorrelated asset with almost everything else, so a small hedge in crypto should reduce volatility.
Cooper Ward
If part of your portfolio is not correlated to the rest of your portfolio, the whole portfolio is less volatile
Angel Robinson
Walks into your house starts sharting all over your investments. Spews diarrhea all over your coffee table. Slaps your wife on the ass chuckles tell you about default swamps. Ask's why you are so poor asks his security to beat the shit out of you. Leaves.
>stupid fucking brainlets I know what he means you sperg and it's true, low covariance with existing asset classes will reduce a portfolio's volatility is properly allocated happy?
Hunter Clark
thought you were being sarcastic/ironic like every other sperg here
Jason Williams
What is wrong with being sarcastic it's like you don't like fun.
Cooper Lee
uncorelated /= inversly corelated tho. If stocks/ gold and all the other boomer shit tanks you still have no gaurantee btc won't do the same
Sebastian Lee
>sperg >/r9k/ is that way
Wyatt Gray
>not remembering 2014 when good news meant jack shit
John Stewart
1-5% for institutions is more than any of us will ever see in our lives
