Mark Yusko, a well-known figure in the world of finance, thinks Bitcoin can be used to protect against chaos.
Some experts in the cryptocurrency industry have recently started to say that Bitcoin can be used to protect against economic uncertainties. Mark Yusko was also among those names.
Long Term Investment
In an interview with CNBC, Yusko said Bitcoin is particularly suitable for long-term investments. According to Yusko, people who want to avoid political or economic uncertainty may consider making long-term investments in Bitcoin.
Stating that Bitcoin should be a long-term investment choice, Yusko also says that Bitcoin’s short-term performance is not critical.
According to Yusko, Bitcoin is a core value storage tool, people should make long-term investments in Bitcoin, not short-term.
Anthony Pompliano, one of the prominent names in the cryptocurrency sector, made some comments about portfolio allocation in his advises to investors some time ago.
Pompliano said during his comments that more than 50 percent of his portfolio was in Bitcoin.
Mark Yusko, on the other hand, does not think it is necessary to give such a large share of the cryptocurrency in his investment portfolio. According to Yusko, it may be enough for an investor to transfer 1, 2, 3, 4 or 5 percent of his total assets to Bitcoin.