Bitcoin

[Deleted User]

https://cointelegraph.com/news/u-k-investment-manager-shifts-allocation-to-bitcoin-from-gold-in-defensive-move

If Bitcoin is not an investment (how usual forum trolls are trying to convince us over and over), how come managers of LSE-listed investment fund are able to invest into it? Very weird.

Another_Saver

https://youtu.be/RpkQEq75y18

IvanOpinion

By any chance do you think she could be wrong about being wrong?

Malthusian

hay guys some obscure investment trust put 2.5% of its money in bitcoin this means bitcoins are finally gonna lambo to the mewn so please please buy bitcoins because my mom says she won't buy me a car after i spent my CTF on bitcoin

Lots of investment trusts hold a small portion of their assets in milk (their employees need something to put in their coffee), therefore milk must be an investment.

The definition of investment in this context is "something with a positive expectation of return", not "something investment trusts own". Zero-sum games by their nature do not have a positive expectation of return. Cash, gold, milk, staplers and Bitcoin are examples of things that investment trusts own that do not have positive expectations of return.

grumiofoundation

Malthusian said:

hay guys some obscure investment trust put 2.5% of its money in bitcoin this means bitcoins are finally gonna lambo to the mewn so please please buy bitcoins because my mom says she won't buy me a car after i spent my CTF on bitcoin

Lots of investment trusts hold a small portion of their assets in milk (their employees need something to put in their coffee), therefore milk must be an investment.

The definition of investment in this context is "something with a positive expectation of return", not "something investment trusts own". Zero-sum games by their nature do not have a positive expectation of return. Cash, gold, milk, staplers and Bitcoin are examples of things that investment trusts own that do not have positive expectations of return.

Well now I want to invest in the IT that owns milk! 

RichTips

Malthusian said:

hay guys some obscure investment trust put 2.5% of its money in bitcoin this means bitcoins are finally gonna lambo to the mewn so please please buy bitcoins because my mom says she won't buy me a car after i spent my CTF on bitcoin

Lots of investment trusts hold a small portion of their assets in milk (their employees need something to put in their coffee), therefore milk must be an investment.

The definition of investment in this context is "something with a positive expectation of return", not "something investment trusts own". Zero-sum games by their nature do not have a positive expectation of return. Cash, gold, milk, staplers and Bitcoin are examples of things that investment trusts own that do not have positive expectations of return.

Yeah, these investments are coming from totally obscure investment funds... Like MassMutual.. I mean, they only get revenue in the 10s of billions in USD every year. What small fry!
https://www.bloomberg.com/news/articles/2020-12-10/169-year-old-insurer-massmutual-invests-100-million-in-bitcoin

Cus

They have put 0.04% of their funds in bitcoin. I think that is a fair proportion of one's portfolio to 'invest' in what is a very speculative asset.

webjaved

Bitcoin surpasses $20,000 to hit new high

https://news.sky.com/story/bitcoin-surpasses-20-000-to-hit-new-high-12164346

Another_Saver

"it goes up, therefore it is a good investment"

[Deleted User]

Malthusian said:

(...) Bitcoin are examples of things that investment trusts own that do not have positive expectations of return.

Why would investment trust put money into something that have no positive expectations of return? Think again. Bitcoin is at all time high again and it made +188% YTD, +200% in one year, meanwhile on bigger scale:

You are saying this "un-investable" asset have no positive expectations of return? Tell that to all those who didn't listened to naysayers and actually invested and are in profit. As Bitcoin is at all time high ever, no one who invested in the past are at loss. No one (except for those who speculated and sold at cheaper price, of course). Can you say that about "milk investment" you mentioned? Besides, I don't see investment managers scrambling into milk investment, but into Bitcoin - I do.