As a researcher with over a decade of experience in the financial markets, I find Jamie Coutts’ latest analysis on Bitcoin truly captivating. His insights into the growing institutional support for cryptocurrencies, particularly Bitcoin, are spot-on and backed by solid evidence.
On October 16, 2024, Real Vision’s top crypto expert, Jamie Coutts, expressed a positive viewpoint about Bitcoin due to increasing institutional backing. Coutts highlighted that there is a notable change in investment preferences, driven largely by BlackRock CEO Larry Fink’s support for Bitcoin. Coutts stated that with BlackRock’s Aladdin platform, which caters to sovereign wealth funds and significant asset managers for modeling and analysis, now providing effortless Bitcoin integration through its ETF, the way for Bitcoin to continue rising has been smoothed. He suggested that even a minor shift in institutional investments from conventional assets like government debt to Bitcoin could propel the price of BTC above $500,000 before the end of the decade.
In his recent analysis and a previous post from April 17, 2023, Coutts emphasized concerns about the potential risks for bondholders due to Bitcoin’s increasing value. He highlighted that economic devaluation (caused by excessive money printing and escalating global debt) is becoming a significant challenge for investment managers. In this context, he pointed out that Bitcoin has emerged as a popular safeguard against this issue because of its deflationary nature and expanding popularity.
In his latest write-up, Coutts re-emphasized this topic, highlighting that during the previous market downturn, Bitcoin outshone bonds, commodities, and several stocks, demonstrating its robustness as a long-term investment vehicle for value preservation. He underscored that conventional asset classes have failed to reward risk-taking managers sufficiently in an epoch of scant real yields and elevated inflation. According to Coutts, the movement away from bonds is becoming unavoidable, even with government policies promoting bond purchases or fresh banking regulations, as Bitcoin presents a more compelling choice.
Coutts stated that despite some liquidity difficulties, it’s still plausible for Bitcoin to increase in the investment portfolios of large sovereign wealth funds. He believes that with BlackRock advocating for Bitcoin and significant institutional investors providing instruments for risk assessment and portfolio analysis, the ongoing devaluation trend will bolster Bitcoin’s standing. In his view, each fund manager who chooses Bitcoin over sovereign debt is contributing to this transition, lending credibility to it.
As crypto advocate Fink advocates for Bitcoin’s portfolio-boosting benefits, a significant change in asset allocation choices is taking place. BlackRock’s Aladdin platform, which is used by the largest governments and investment managers, offers the necessary tools for modeling and analysis to facilitate this transition.
— Jamie Coutts CMT (@Jamie1Coutts) October 16, 2024
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2024-10-17 22:35