According to TechFlow, Fidelity Investments believes that regardless of investors' specific views on digital assets, a moderate allocation of BTC will benefit them. Matt Horne, the company's head of digital asset strategy, said at the 2024 Vision Conference that many investment managers and advisors are formulating their arguments on BTC and digital assets but have not yet invested in them. He believes that even a small amount of BTC investment can bring significant benefits to long-term portfolios.
Horne added that for many clients, it makes sense to have a non-zero position in an asset like BTC because they have a long-term horizon and a position size that is appropriate for their risk. Spot BTC ETFs were launched in the U.S. market six months ago, and the funds are expected to be popular with advisors who prefer regulated investment vehicles for their high-net-worth clients.
However, many advisors remain cautious, citing high volatility, lack of understanding, regulatory uncertainty and lack of a broad track record as sources of hesitation. Horne said that even if the price of BTC drops significantly, a small investment will not affect the broader portfolio. At the same time, based on BTC's historical performance, any appreciation in BTC will bring huge gains.
