Investment
Manager with $631B Assets Under Management Now Says Bitcoin Has a Role in
Investors’ Portfolios
AllianceBernstein a Global
investment manager with $631 billion in assets under management said it
admits that bitcoin does have a role in asset allocation. Previously the fund
had advised against it but has since changed its mind due to the
post-pandemic economic environment.
Their research report said that
increasing debt levels and monetary expansion had made bitcoin a more
attractive investment. Also the decreasing volatility in bitcoin's price has
made it a better store of value and medium of exchange. Bernstein Research
recommends that bitcoin can make up 1.5% - 10% of portfolios depending on the
risk profile and goals of the investor.
