AllianceBernstein Says Bitcoin Has Role to Play in Portfolios
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AllianceBernstein (~$600B AUM) co-head of portfolio strategy, Inigo Fraser Jenkins, suggests Bitcoin has a role to play in investor portfolios. Coindesk reports:
... post-pandemic changes to the policy environment, debt levels and diversification options for investors mean the asset manger now has “to admit [bitcoin] does” have a role in asset allocation, at least over the long term.
Fraser Jenkins said the “significant reduction” in the volatility of bitcoin’s price makes it more attractive both as a store of value and as a medium of exchange.
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