The news is raging around Bitcoin. Bitcoin is a cryptocurrency which is digital currency. It is a currency not back by a government. Bitcoin is a part of an asset class that is new and although doesn’t have a lot of history has been increasing in value each year. At the begging of 2017 Bitcoin was trading around $900 and now it’s over $16,000. Needless to say, that is an investment opportunity, but it should be one that is only a small portion of your investment portfolio says Marc Lichtenfeld, Chief Strategist for Oxford Club. Lichtenfeld indicates that Bitcoin should only be considered as a speculative potential high return or loss investment, just like private equity. The Oxford Club is a private network of experienced, knowledgeable investors that focuses on a balanced investment approach which has consistently beaten the market. If you are going to invest in Bitcoin, says Lichtenfeld, who believes it will continue to increase but do so with funds you can afford to lose completely.
The Oxford Club’s has a unique investment approach published in its free e-newsletter to members. The investment allocation model called the Oxford Wealth Pyramid provides a structure to invest first in a core portfolio and then quality blue chips outperformers and smaller allocations in more riskier levels of asset classes including speculative, which includes Bitcoin. Bitcoin promises to be exciting none the less. Bitcoin as well as the cryptocurrency asset class is sure to determine investors penchant for risk but for the Oxford Club, it must only be a small share of the portfolio that is worthy of its high level of risk.