When is the small cap portfolio coming & view on Bitcoin

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Question asked 19/01/2021

When is the small cap portfolio coming & view on Bitcoin

“Two quick questions. 1) when will we see the small cap portfolio? 2) MM is bullish re Bitcoin. How do we get in? Do you have any suggestions? Is there an ETF that deals in Bitcoin? Thanks for all the info. Looking forward to a good year.” – Dale C. ““Good morning Team MM, A question for Monday. Hearing a lot about Bitcoin lately, but a couple of things rarely get mentioned- How do you buy Bitcoin? How secure is the purchase? It seems you need to buy through a third party that doesn’t always sound that reliable. I have also heard of people having trouble selling Bitcoin to get back real money. Also what happens to the $280 million if the guy can’t remember his password? It just all seems a little dodgy to me.” - Thanks, Richard L.

Answer

Morning Guys,
1 – The MM Emerging Companies Portfolio should be comfortably launched in Q1 of this year..

2 – MM likes Bitcoin although I understand many investors trepidation towards the new asset class but with the likes of PayPal now accepting it and many leading funds investing I feel the crypto is here to stay – with regard to losing $$ because of a brain fade on a password its comparable to losing your wallet, the moneys gone but who knows exactly where. With regard to investing we think it’s best to keep it simple and use the vehicle preferred by fund managers – Grayscale Bitcoin Trust (GBTC US), a $US25bn listed trust that trades at a slight premium to the value of the assets it holds, the price of safety I would suggest!

GBTC US

MM is bullish Bitcoin.

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Grayscale Bitcoin Trust ($US)

LAST UPDATED 19/01/2021 11:40

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