2024 ELECTIONS INVESTMENT FIRMS

'There are no excuses' to avoid bitcoin, NYDIG research head says

theblock.co 11/11/2024 - 08:58 AM

Greg Cipolaro's Perspective on Bitcoin Exposure

Greg Cipolaro, the global head of research at New York Digital Investment Group, believes investors can no longer avoid bitcoin exposure, especially after President-elect Donald Trump's victory.

Cipolaro stated, "there are no excuses now" for having a zero bitcoin allocation. He emphasized that bitcoin is accessible via regulated products like ETFs and that not owning it may lead to financial consequences.

He remarked, "Not owning the asset is going to become a liability in the future."

NYDIG, a subsidiary of Stone Ridge Holdings Group, provides bitcoin-focused financial services, including custody. Cipolaro's views reflect a growing consensus within the blockchain and cryptocurrency sectors, seen as a positive outcome of the U.S. election, supported by an 18% increase in bitcoin's price.

Recent analyses, including those from JPMorgan, anticipate that both bitcoin and gold will gain from this political change, while MicroStrategy’s significant bitcoin acquisition plan adds momentum. Analysts project bitcoin prices reaching $90,000 this year and possibly $250,000 by 2025.




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