‘The best time to invest in bitcoin was yesterday,’ says strategist as the cryptocurrency soars

cnbc2021-02-22

KEY POINTS Meltem Demirors of CoinShares told CNBC on Monday that the “best time to invest in bitcoin was yesterday.” Her comments came as bitcoin’s market value recently topped the $1 trillion mark,...

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Comments

Xxiiaode
2021-02-23
Xxiiaode
Go
btc8
2021-02-23
btc8
True
jere09
2021-02-22
jere09
WadNews is Breaking
GMJ
2021-02-22
GMJ
Good insights on 4% allocation - just for diversification. Ppl shouldn’t allocate too much into bitcoin, anyway it is just one asset type
Andycgh
2021-02-22
Andycgh
Roller coaster
Sumei
2021-02-22
Sumei
It’s quite scary to see how the price has shot ip. It would have been nicer if it went up slowly ...
- Erika:
  Agree

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At this point, our belief is: Bitcoin is not a question of if, but when,” Meltem Demirors, chief strategy officer at digital asset investment firm CoinShares, said Monday.\n“We certainly believe, you know, the best time to invest in bitcoin was yesterday — the second best time to allocate is today,” she told CNBC’s “Squawk Box Asia.”\nHer comments came after bitcoin recently toppled another milestone,pushing past $1 trillion in market value last week, according to Coindesk.\nBitcoin has been on a tear since the start of 2021, and has risen more than 90% so far this year, according to data from Coin Metrics. 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But it’s definitely not an investment,” Damodaran, a professor of finance at NYU’s Stern School of Business, told CNBC’s “Street Signs Asia” on Friday.\n“If it’s a currency, it’s a ... horrifically bad currency,” he said, adding that bitcoin “seems to be primarily a speculative game” that has “behaved like a very risky stock.”\n“It’s not an asset class. It’s a failed currency, at least into this moment,” Damodaran said. “Let’s see whether they can fix it because ... 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Ppl shouldn’t&nbsp;allocate too much into bitcoin, anyway it is just one asset type","listText":"Good insights on 4% allocation - just for diversification. Ppl shouldn’t&nbsp;allocate too much into bitcoin, anyway it is just one asset type","text":"Good insights on 4% allocation - just for diversification. Ppl shouldn’t allocate too much into bitcoin, anyway it is just one asset type","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/369395193","repostId":1170294180,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":369908135,"gmtCreate":1613994447427,"gmtModify":1704886593108,"author":{"id":"3568670970452812","authorId":"3568670970452812","name":"Andycgh","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3568670970452812","authorIdStr":"3568670970452812"},"htmlText":"Roller coaster","listText":"Roller coaster","text":"Roller coaster","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/369908135","repostId":1170294180,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":369069683,"gmtCreate":1613989241142,"gmtModify":1704886522042,"author":{"id":"3566259831309087","authorId":"3566259831309087","name":"Sumei","avatar":"https://static.tigerbbs.com/ae0a2af1baf6b07a87ffdf41ea17959a","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3566259831309087","authorIdStr":"3566259831309087"},"htmlText":"It’s quite scary to see how the price has shot ip. It would have been nicer if it went up slowly ...&nbsp;","listText":"It’s quite scary to see how the price has shot ip. It would have been nicer if it went up slowly ...&nbsp;","text":"It’s quite scary to see how the price has shot ip. It would have been nicer if it went up slowly ...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/369069683","repostId":1170294180,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3635515,"gmtCreate":1614036114109,"gmtModify":1680777915787,"authorId":3573504406992804,"author":{"id":3573504406992804,"idStr":"3573504406992804","authorId":3573504406992804,"name":"Erika","avatar":"https://static.tigerbbs.com/878757d4ca6ae4d676234e55c75c9552","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":369069683,"type":1,"supId":0,"prevId":0,"content":"Agree","text":"Agree","html":"Agree"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":37,"commentSize":12,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1170294180"}