Just curious, do you guys throw a bit of your retirement portfolio into roulettes at the casino just to diversify? I do, I gamble away maybe 3% of mine just in case.
I get the gag here, but it's not a very apt comparison. The expected return from a roulette spin is really well understood: a loss of about 5% of your bet, albeit with high variance. The future of these investments is less understood. Again the variance is high, but its performance over time is also really good. Perhaps you have plenty of reasons to doubt the future performance of BTC, but it's not like it's a known bad bet.
The point is it's the same as gambling. Pure luck, no proven way to project future demand, does not generate cash flows. It's also hyped AF so you can't even tell what's real vs. speculative demand.
BTC is an asset according to G20 and many others. It's obviously highly speculative which is why I picked a low percent. I was just curious if others were doing the same, and was hoping I could ask that without getting this sort of snark. Oh well.