Investing in Bitcoin was once risque for fund managers, now it's quickly becoming risque not to...

A former JP Morgan Commodities Trader said my favorite statement of the year today on CNBC.

Well maybe not my favorite one, but it certainly is on the list!

Today on CNBC the chairman of CoinShares and former JP Morgan commodities trader said that a few years it was considered potentially a career-risk to invest in bitcoin for fund managers.

They were putting their job and potentially their career on the line by investing in something as fringe and controversial as bitcoin with client money.

Fast forward a few years and now it is getting to the point where it may be a career-risk not to invest in bitcoin.

We are not there currently, but we are certainly getting close.

Here's his quote:

"There was perceived career-risk for having Bitcoin in your institutional portfolio, as a portfolio manager, it's fast migrating into a career-risk for not having Bitcoin in your portfolio, and that’s a really stunning development.”

(Source: https://cointelegraph.com/news/you-might-get-fired-if-you-don-t-own-bitcoin-coinshares-on-cnbc)

In layman's terms...

You could be fired for investing in bitcoin a few years ago and now you could be fired for not investing in bitcoin.

Truly astonishing how much things have changed in just a few years time.

But, "why Bitcoin?"

The most common question I hear from retail mom and pop investors, and actually from professional investors as well for that matter, is "why bitcoin specifically?"

The fixed supply is probably the biggest reason, but without going into too much detail I like to just show em one chart.

This chart usually does the trick:

(Source: https://twitter.com/Bitcoin/status/1334236616420810753/photo/1)

Did you know that roughly 21% of all the dollars in existence were created this past year?

No?

Well, what do you think is going to happen to the value of those dollars when all this supply fully starts circulating through the economy?

I have a guess.

Not to mention that we are probably not even done with all the money printing that is going to be needed to fully pull the US economy out of the doldrums.

This is the same thing that is happening globally and will continue to happen for the foreseeable future as well.

Institutions have to invest in bitcoin and the dollar is being printed into oblivion, hmm, what could happen to the price of bitcoin?

I have a guess.

Stay informed my friends.

-Doc