Grayscale: Bitcoin is a Long Term Investment

Bitcoin should be in long-term investment portfolios, according to Grayscale analysts. They published a study looking at the first cryptocurrency as a defensive asset.

“Bitcoin is a transparent, immutable and global form of liquidity that can become a means of preserving and increasing capital. It deserves a permanent strategic position in many long-term investment portfolios, ”noted Grayscale.

Experts highlighted the potential of cryptocurrency as a store of value, as well as its payment characteristics and possible growth functions of its value. According to analysts, Bitcoin is still in its infancy, so its rate may still collapse. At the same time, while the value of the coin is growing, while similar risks appear in classic assets and currencies.

Earlier, the strategist of the investment bank BMO Capital Market Brian Belsky said that it is too early to consider the first cryptocurrency as a safe asset. According to the expert, over the past two years, Bitcoin has shown itself to be a highly volatile asset, and the longer-term outlook is not clear at the moment.