"There aren't a lot of other great options as to where to store cash right now," our founder, Daren Blonski, told the Sonoma Index-Tribune for its article, "Cha-ching! Bitcoin rolls into Sonoma." Bitcoin has jumped more than 450 percent over the past 12 months, and Daren points to its fundamentals, especially its limited supply against likely dollar inflation, as reason to expect further appreciation. "Fundamentals suggest that Bitcoin could reach $100,000-$288,000 per coin in the next eight months," he said, while also cautioning that a bumpy ride lies ahead. "In other words, expect volatility."
Key Takeaways
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Even during a strong rally, Daren expects real pullbacks along the way. Volatility and upside potential can show up in the same call.
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Bitcoin's limited supply, paired with concerns about dollar inflation, is central to the fundamental case Daren sees for further price appreciation.
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The case isn't just that Bitcoin is a great investment on its own. It's also about where else investors can reasonably park cash right now.
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Whether it's Bitcoin or any other asset, deciding how much of it belongs in a portfolio is a conversation we have often with clients. Learn more about our Investment Management services.
Read the full article, "Cha-ching! Bitcoin rolls into Sonoma," in the Sonoma Index-Tribune