Bitcoin soared in 2024. How much — if any — should you own?
Published On Jan 11, 2025, 9:30 AM
Bitcoin saw a tremendous 125% gain in 2024, primarily driven by political changes that are expected to favor regulatory environments for cryptocurrencies. Despite its performance, financial experts advise caution in allocation, suggesting a maximum of 5% of an investment portfolio should be in cryptocurrencies like Bitcoin due to their high volatility. Long-term holding and dollar-cost averaging strategies are recommended for potential investors.
Stock Forecasts
IBIT
Positive
With Bitcoin gaining and new Bitcoin ETFs emerging, investments in funds like the iShares Bitcoin Trust could see positive sentiment and performance going forward.
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