Bitcoin to be ‘political imperative,’ owning none ‘a liability’ — NYDIG
NYDIG’s research head Greg Cipolaro said “there are no excuses” for investors to shirk Bitcoin after Donald Trump and the Republicans’ US elections sweep.
Bitcoin will gain political importance following Donald Trump and the Republicans’ United States election wins — and investors who don’t own the cryptocurrency can no longer ignore it, according to the New York Digital Investment Group (NYDIG).
“While some investors have allocated to Bitcoin, the most common allocation for investors is still zero. There are no excuses now,” NYDIG’s global head of research Greg Cipolaro said in a Nov. 11 note, adding:
“Not owning the asset is going to become a liability in the future,” he said. “Investors who may have found it easy to dismiss or ignore the asset for various reasons will continue to do so at their financial peril.”
