Re:Coinbase S-1
by nightski on Thursday February 25, 2021 @10:02AM
(#26263435)
Have to be honest, I have a small portion of my portfolio (1-3%) in Bitcoin simply as a hedge against inflation. It's neither speculative nor novelty and has replaced a portion of what would typically be bond holdings. It seems companies and major asset holders are now considering the same.
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I started like that, then it jumped, I recovered my cost basis plus expected inflation for years and taxes, and now it's more like 8/10% of my portfolio but I'm not touching it and I'll just see what happens. It was "free money" after all.
It's the second time I'm doing this, the first time I had to spend the money on moving but those were mostly mined coins.