{"id":361993,"date":"2021-11-03T19:20:00","date_gmt":"2021-11-03T16:20:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/money-managers-with-zero-crypto-exposure-risk-being-left-behind-bloomberg-strategist\/"},"modified":"2021-11-03T19:20:00","modified_gmt":"2021-11-03T16:20:00","slug":"money-managers-with-zero-crypto-exposure-risk-being-left-behind-bloomberg-strategist","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/money-managers-with-zero-crypto-exposure-risk-being-left-behind-bloomberg-strategist\/","title":{"rendered":"# Money managers with zero crypto exposure risk being left behind \u2014 Bloomberg strategist"},"content":{"rendered":"<p>&#8220;<strong># Money managers with zero crypto exposure risk being left behind \u2014 Bloomberg strategist  <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>The career risk surrounding cryptocurrency is shifting to money managers who don\u2019t have exposure to digital assets as opposed to those who are already invested, highlighting a dramatic shift in institutional acceptance of Bitcoin (BTC) and decentralized finance, according to Bloomberg\u2019s senior commodity strategist Mike McGlone.\u00a0<\/p>\n<p>The November edition of Bloomberg\u2019s Crypto Outlook <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/assets.bbhub.io\/promo\/sites\/12\/1465773_Crypto-November2021Outlook.pdf?link=button-header\">described<\/a> 2021 as just another foundation year for the cryptocurrency market, further underscoring the long-term value proposition of digital assets. In this environment, money managers \u201crisk falling behind and underperforming peers who own crypto assets,\u201d wrote McGlone, adding:<\/p>\n<blockquote><p>\u201cOur graphic depicts the 200%-plus outperformance of the Bloomberg Galaxy Crypto and DeFi indexes in 2021 vs. the S&amp;P 500.\u201d<\/p><\/blockquote>\n<p>Although crypto <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/mikemcglone11\/status\/1452590595717873668\">exhibits<\/a> much higher volatility than traditional investments, selloffs in assets such as Bitcoin and Ether (ETH) \u201c<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ear to be attracting responsive buyers, most of which face the potential of falling behind by avoiding crypto allocations.\u201d<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Bull markets are about positive dangling carrots and we see plenty ahead for <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw\">#Ethereum<\/a>. The launch of Bitcoin ETFs in the U.S. appears as an iteration to get to what may better facilitate most investors &#8212; ETFs tracking the crypto market, like the S&amp;P 500. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/xMQtBdQ5nA\">pic.twitter.com\/xMQtBdQ5nA<\/a><\/p>\n<p>\u2014 Mike McGlone (@mikemcglone11) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/mikemcglone11\/status\/1452590595717873668?ref_src=twsrc%5Etfw\">October 25, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>McGlone further explained that \u201cmanagers are expected to catch big trends ahead of the masses,\u201d a feat that becomes much more difficult if they rely on traditional portfolio strategies, such as allocating 60% to equities and 40% to bonds. Many wealth managers have <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2020\/02\/08\/whartons-jeremy-siegel-60-40-portfolio-doesnt-cut-it-anymore.html\">warned<\/a> that the traditional 60-40 portfolio is no longer sufficient in today&#8217;s market.\u00a0<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>JPMorgan says BTC\u2019s \u2018fair price\u2019 is $35K&#8230; but it still expects crypto to \u2018outperform\u2019<\/em><\/strong><\/p>\n<p>As Cointelegraph reported in early October, McGlone correctly predicted the early stages of Bitcoin\u2019s fourth-quarter breakout, arguing that the $50,000 resistance has likely flipped to support. The analyst said $100,000 BTC was in play for 2021 \u2014 a view that was reiterated in the latest report. <\/p>\n<p>At the time of writing, the flagship cryptocurrency was worth $62,080, according to Cointelegraph Markets Pro. Bitcoin peaked above $67,000 in October before correcting lower. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-11\/016c8416-eb56-4b39-8ff3-2575d20cc60d.png\"><figcaption style=\"text-align: center;\"><em>Bitcoin price remains firmly above $60,000. Source: Cointelegraph Markets Pro<\/em><\/figcaption><\/figure>\n<p>Investment managers and financial advisers are expected to play a bigger role in the cryptocurrency market, according to Grayscale\u2019s Michael Sonnenshein, Amber Group\u2019s Jeffrey Wang and Tyr Capital\u2019s Edouard Hindi. In the first quarter, Cointelegraph interviewed the three executives to gauge institutional interest in crypto investments. In their view, the \u201ccareer risk\u201d of investing in crypto had diminished considerably. The final domino, according to Edouard Hindi, could be fiduciary standards:<\/p>\n<blockquote><p>\u201cNow that custody and regulatory barriers are slowly dropping, what could still be hindering a broader adoption of crypto by financial advisors is the perception that \u2018fiduciary standards\u2019 remain a challenge in openly advocating for the asset class to be included in customers\u2019 portfolios.\u201d<\/p><\/blockquote>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/money-managers-with-zero-crypto-exposure-risk-being-left-behind-bloomberg-strategist\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Money managers with zero crypto exposure risk being left behind \u2014 Bloomberg strategist &#8221; The career risk surrounding cryptocurrency is shifting to money managers who don\u2019t have exposure to digital assets as opposed to those who are already invested, highlighting a dramatic shift in institutional acceptance of Bitcoin (BTC) and decentralized finance, according to&#8230;<\/p>\n","protected":false},"author":1,"featured_media":361994,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTEvMTgxMmMxN2QtMzU2OS00YThjLWE0ZGQtYWM1Nzk1NDAxNzdiLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,75147,74355,73711],"class_list":["post-361993","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-bloomberg","tag-adoption","tag-investments"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/361993","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=361993"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/361993\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/361994"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=361993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=361993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=361993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}