Andrew Rosenberger, CFA, Senior Investment Manager
On this week’s podcast (recorded May 30, 2017), Andy discusses how Bitcoin isn’t necessarily something that we consider a long-term investable asset for our client portfolios, but it’s certainly been an attention grabber as of late.
- After crossing the $2,200 per bitcoin mark on Monday, I had no less than 3 separate conversations after an article was released on how if you had purchased $100 dollars worth of bitcoin in 2010, it would be worth $72.9 million dollars today.
- Bitcoin is a digital currency, not backed by any central government or entity, and it relies on a community of supporters to maintain the infrastructure.
- The underlying technology behind bitcoin is getting the attention of many major players including banks, credit card companies, and technology giants.
For Andy’s full insights, click here to listen to the audio recording.
The views expressed are those of Brinker Capital and are not intended as investment advice or recommendation. For informational purposes only. Holdings are subject to change. Brinker Capital, Inc., a Registered Investment Advisor.