It’s the equity investor’s conundrum: how to get access to the soaring incomes of bitcoin and blockchain without actually owning the tokens.
To Thomas Lee, a major bitcoin bullshit who heads research for Fundstrat Global Advisors, a dozen inventories should do the trick.
” We believe investors should have revelation to blockchain, particularly given bitcoin was generally zero correlation to equities, bails and commodities — – hence, as a portfolio policy, bitcoin is a good diversification tool ,” Lee wrote in a notation to patrons Friday.” But this is impractical for numerous equity managers, given the parameters of their mandate or because of practical issues( incarceration of signs, etc .).”
Investors recently have sought ways to participate in the eye-popping bitcoin rally without having to purchase the cryptocurrency on the unregulated exchanges that have proven prone to hacks. Absent from Lee’s list are bitcoin futures, modulated derivative products that will entry on Cboe Global Markets Sunday and CME Group Dec. 18.
Lee has long been one of Wall Street’s biggest advocates of the cryptocurrency. Two weeks ago he doubled his price target on bitcoin to $11,500 by the middle of 2018. It disappeared for $15,552 as of 10: 31 a.m. in New York on Friday, according to Bloomberg composite pricing.
He shows equity overseers look to these ideas to leveraging blockchain in their portfolios 😛 TAGEND
Bitcoin Investment Trust( GBTC)
MGT Capital Investments Inc.( MGTI)
HIVE Blockchain Technology Ltd.( HIVE)
U.S. Global Investors Inc.( GROW)
DigitalX Ltd.( DCC)
NVIDIA Corp.( NVDA)
Advanced Micro Design Inc.( AMD)
CME Group Inc.( CME)
Cboe Global Markets Inc.( CBOE)
Overstock.com Inc.( OSTK)
Goldman Sachs Group Inc.( GS)
Square Inc.( SQ)
- ADVANCED MICRO DEVICES, bitcoin, blockchain, Bonds, business, CBOE GLOBAL MARKETS INC, CME GROUP INC, cryptocurrency, markets, New York, Stocks, technology, wall street