原文标题：Fidelity believes investors should consider small Bitcoin exposure for long-term portfolios
Original author: Assad Jafri
Original source: cryptoslate
Compiled by: Blockchain Knight
According to CNBC, Fidelity Investments believes that regardless of investors’ specific views on digital assets, a moderate allocation to BTC will benefit them.
Matt Horne, the asset manager’s head of digital asset strategy, made the remarks at the 2024 Vision conference on June 5.
“Investors and advisors are working hard to develop their investment thesis for crypto assets, but for many, even a small allocation of BTC in a portfolio is worthy of serious consideration,” Horne said.
Horne elaborated that many investment managers and advisors are currently formulating their thesis on BTC and digital assets but have yet to invest in them. BTC’s track record proves that even a small BTC investment can deliver significant gains to a long-term portfolio.
“Most investors are saving money and investing it with an advisor to achieve some long-term goal, like retirement,” Horne added.
“For many clients, it makes sense to have a non-zero position in an asset like BTC because they have a long-term view 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.
Yet many advisors remain cautious, citing high volatility, lack of understanding, regulatory uncertainty and lack of an extensive track record as sources of hesitancy.
“We spend a lot of time arguing about disruptive technology, venture capital, digital gold, etc., and I think that’s all good stuff,” Horne said of these issues. “What your thesis is will probably determine position size and where you source it in your portfolio.”
Financial advisors often recommend allocating a small portion (1% to 5%) of BTC to a portfolio to introduce some risk without being overwhelmed by the notorious volatility of the crypto asset market.
Horne said that even if the price of BTC drops significantly, a small amount of investment will not affect the broader portfolio. At the same time, based on BTC's historical performance, any appreciation of BTC will bring huge gains.
The development of BTC began in 2009 when it was proposed by an anonymous person named Satoshi Nakamoto.
Initially, BTC was largely ignored by mainstream investors and remained in a niche community. It was not until around 2015 that BTC began to gain attention from the wider financial community, marking the beginning of a meaningful tracking period for BTC.
Since then, the flagship Crypto asset has experienced wild volatility, huge price spikes and sharp declines, making it an extremely challenging asset to model and forecast.
“Despite BTC’s relatively short history (roughly 15 years), it is important for investors to educate themselves on the asset due to its impact on the financial landscape,” Horne said.
“You just have to understand why you want it, understand the potential of the technology, and position yourself accordingly.”
However, Horne also reminded that investors need to look at digital assets from a unique perspective. BTC’s unpredictability and short life cycle make it difficult to model with traditional financial instruments.
