New York Investment Giant Named Reasons to Buy Bitcoin
New York Investment Giant Named Reasons to Buy Bitcoin

Gabor Gurbaks, director of strategic digital asset management at VanEck, an investment company in New York, said why his organization is of the opinion that buying Bitcoin is the right investment step.

Gabor Gurbaks, director of strategic digital asset management at VanEck, an investment company in New York, said why his organization is of the opinion that buying Bitcoin is the right investment step.

tion to the fact that any asset can have one of two or two value options at once. One option is when the asset "brings cash income or other benefits." Then it is said that he has "intrinsic value."

Examples of such assets are real estate and securities. Another option is “cash value: an asset has a price that clearly does not match intrinsic value”. Such objects can be considered works of art and gold bullion. Gurbaks is sure that the fact that Bitcoin now costs a considerable amount (about $ 8400), clearly indicates that it has a monetary value, and if so, then it must be included in the investor’s portfolio.

The peculiarity of Bitcoin as an asset limited in issue suggests that it has great potential for increasing the price, and the upcoming reduction in the Bitcoin miners reward (halving), which will take place in May 2020, is an additional incentive for Bitcoin price growth, and this suggests That this asset is worth acquiring. The expert also noted a small dependence of the dynamics of the Bitcoin price environment on other parameters and indices of the financial market, which allows us to speak of it as the most reliable hedge asset to reduce potential damage from systemic risk, that is, from the risk of global crises.

 

why should invest in bitcoin

 

Speaking about how much it costs to invest in Bitcoin, Gurbaks cited data that even a small share of Bitcoin in the investor’s portfolio, 0.5%, 1% and 3%, can greatly increase its overall return.

 

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