No. of Recommendations: 1
I do think it is a rather useless asset and does represent some awful impulses: greed, corruption, lack of transparency etc. But this populist movement seems to only be gaining momentum sadly.
If only a part of a larger basket of securities, I think why not allocate a sliver to calm the FOMO? Some stock picks have utterly failed, yet we do not seem to judge them in the same way we would buying bitcoin.
On the contrary, a 1-2% allocation to BTC becomes only 10-20% of the portfolio w a 10x, so it does become challenging allocating any sort of meaningful size. Only at larger allocations does it actually begin to make life changing gains (assuming it reaches the adoption they proclaim)
