Bitcoin Dose
What’s the right sizing?
For well over a decade, I’ve liked to keep around 10% of my cash in Bitcoin as a hedge against government-backed fiat currencies. Whether or not you agree with that specific allocation, everyone should strongly consider owning at least some. 1% would make a lot more sense to me than 0%. Where to start?
Today, Bitcoin trades for just under $50k, up well over 100x since I first bought it. Or stated differently, US dollars trade at under 1% of what they were worth (denominated in BTC) at the time. I don’t expect another 100x move, but 10x is entirely possible; that would leave the aggregate BTC still trading beneath the aggregate price of gold.
Get $30 when you spend $30 with this link to Rakuten. What to spend it on? Sign up for Coinbase (COIN) through Rakuten. Buy $100 worth of BTC on Coinbase. You’ll get $50 cash back (raised from their earlier $12.50 sign up bonus). So your next $100 of BTC will cost a net $20. And I wouldn’t be surprised if it is worth $200 soon and $100 someday.
