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Opinions Mike Philbrick
Purpose Bitcoin ETFBTCC.B.TORISKYJan 26, 2024
Mike PhilbrickUnknown
$8.10
Stock price when the opinion was issued
$12.35
As of Jun 19, 2026. Market Open.
0
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RISKY
When we talk about crypto, important to specify that most indices use bitcoin itself as a heavy component. Yes, bitcoin has been doing well this year, but still well off its peak. Enormous volatility in the crypto space, which routinely has 70-80% drawdowns every couple of months. Responds to crazy demand/supply markets.
Extremely risky asset class, speak to an expert.
Risky investment, with volatility. Would recommend smaller position. Good for a portion of portfolio, not a lot.