This Billionaire Says Bitcoin Is a Better Investment Than Real Estate. Is He Right?
Over the past decade, Bitcoin has soared in price to become one of the world's most valuable assets.
This Billionaire Says Bitcoin Is a Better Investment Than Real Estate. Is He Right?
Overview
There are two types of Bitcoin (CRYPTO: BTC) investors. There are short-term momentum traders who prize Bitcoin's impressive upside potential over brief periods. Then there are the long-term, buy-and-hold investors who view Bitcoin as the future of money.
Mexican billionaire Ricardo Salinas Pliego, founder and chairman of Grupo Salinas, is firmly in the second camp. He's been a long-term believer in Bitcoin. Even amid the crypto market's recent slide, he has remained undeterred. In fact, he still thinks Bitcoin is a better investment than real estate, making it a very attractive long-term buy.
Details
To understand why Salinas is so bullish on Bitcoin, you first have to view crypto as a stand-alone asset class. Just as you might allocate a specific percentage of your portfolio to stocks, bonds, or real estate, you could also allocate a specific percentage to Bitcoin.
Source
Originally published at www.fool.com.
