Should I Invest in Crypto? | Erik Averill, Brandon Averill, Justin Dyer | AWM Insights #42
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Episode Summary
As the dust begins to settle on 2020 and we round the corner to the end of the year, we can see just how wild it was. More than 40 weeks since COVID-19 has started, financial markets dropped by more than 30% and currently are up around 17-20%. However, there’s been one asset class that’s currently up over 200% - cryptocurrency.
With more than $11.5 billion in Bitcoin purchased in the last 90 days and Wall Street firms jumping in - is now the time to invest?
This week, Erik, Brandon and Justin discuss the pros and cons of cryptocurrency and the major questions you should consider before adding it to your portfolio.
Episode Highlights
Valuing Cryptocurrency – is this a currency replacement? (1:23)
The assumptions on Cryptocurrency (2:24)
$11.5 billion in Bitcoin purchased in the last 90 days (4:02)
The change in institutional money entering into cryptocurrency now (5:13)
Should we invest in speculation? (6:40)
What circumstances should someone consider entering the cryptocurrency market? (7:41)
Bitcoin corrections over the years (8:44)
How do you set up a risk/reward spectrum for cryptocurrency? (9:38)
Repeating conversations on Bitcoin (10:31)
How the correlation of assets lower risk allocation (11:35)
The danger of chasing returns – know why you’re buying (15:36)
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Erik Averill: LinkedIn
Brandon Averill: LinkedIn
Justin Dyer: LinkedIn