vipier on Nostr: Bitcoin really doesn't belong in an investment portfolio, as it's a one-of-a-kind ...

Bitcoin really doesn't belong in an investment portfolio, as it's a one-of-a-kind savings vehicle. It doesn't represent a lending yield like a bond, nor a profit yield like a business. Its only "investment" aspect is the speculation that it will suck up the monetary premium of all securities and hard assets, and thus have much more purchasing power in the future than it does now. As gigantic and transformative as that is, this is still a one-time speculatory thesis. IMHO it shouldn't be tracked alongside actual investments (business ownership and lending.)

I prefer to not frame it as an investment at all, from the get-go. I guide people directly to self custody, and let the flowers blossom.