Fidelity Exec Advises Most Investors to Include Bitcoin in Their Portfolios

According to Fidelity Bank's head of digital asset strategies, most investors should allocate a portion of their portfolios to Bitcoin (BTC), regardless of their market views. Matt Horne suggests a small allocation of 1-5% to minimize risk (if Bitcoin's value drops to zero) and capitalize on potential upside and inflationary hedge.

Institutional interest in Bitcoin has grown in recent years, particularly since the introduction of spot Bitcoin ETFs in the US in January 2024. According to Coinshares, Bitcoin funds experienced inflows of $148 million in the final week of May, with over $74 billion in assets under management globally. This indicates positive market sentiment among ETF and ETP investors for Bitcoin.