Monday, April 17, 2017

Bitcoin

From Horizon Kinetics' 4Q16 conference call last January in regards to Bitcoin:


In conclusion, we’re not recommending that anybody run out and put 10% of their portfolio into it. But a very small portion of your assets in this, in success mode, could actually have a very favorable outcome for your total returns, looking out over an extended period of time. Therefore, I believe that the upside potential is so enormous that you’d be foolish not to have some. I think it’s more imprudent not to own it than it is to own it. 

http://kineticsfunds.com/wp-content/uploads/2017/02/Q4-2016-KAM-Conference-Call.pdf

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