Is Bitcoin a “Buy” at $5,000? Mohamed El-Erian at Allianz Thinks So

Colleagues, despite today’s BTC gains it is a fair to say that when Mohamed El-Erian speaks people listen. Without doubt El-Erian is among the elite financial minds in the US, if not the world. The former PIMCO CEO, El-Erian believes that cryptocurrencies should be viewed more like commodities rather than sovereign bank currencies. What El-Erian did not say is as important as what he did say. He did not join the chorus of Bitcoin evangelists such as Jeet Singh and Tim Draper who predict than the crypto asset will reach stratospheric levels of $50K and $250k respectively. Bottom line: For long-term investors the Cryptocurrency Academy recommends that cryptocurrencies should comprise no more than 5% of your portfolio. Yet for some 20-something crypto addicts Bitcoin and Altcoins may in fact comprise a much higher percent of their assets. We stand by our previous claim that Blockchain technology-focused firms represent a far more tenable investment alternative. Post a comment visit us today! Lawrence – Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com/)