Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
'There are no excuses' to avoid bitcoin, NYDIG research head says

'There are no excuses' to avoid bitcoin, NYDIG research head says

The Block2024/11/11 10:55
By: Adam James
BTC-0.26%
Greg Cipolaro believes that investors no longer have an excuse to avoid exposure to bitcoin following President-elect Donald Trump’s and the Republican party’s landslide victory in the United States.“Not owning the asset is going to become a liability in the future,” the global head of research at NYDIG claimed.
'There are no excuses' to avoid bitcoin, NYDIG research head says image 0

Greg Cipolaro, the global head of research at vertically integrated bitcoin financial services and infrastructure firm New York Digital Investment Group, believes that there is no longer any excuse for investors to shirk exposure to bitcoin following a landslide victory for President-elect Donald Trump and the Republican party in the United States.

Cipolaro said in an email that "there are no excuses now" for investors to have a bitcoin allocation of zero. "Not only is the asset available through easy-to-access, well-regulated products such as ETFs, but it is now becoming a political imperative," he wrote, adding: "Investors who may have found it easy to dismiss or ignore the asset for various reasons will continue to do so at their financial peril."

"Not owning the asset is going to become a liability in the future," he claimed.

NYDIG, a subsidiary of Stone Ridge Holdings Group, is a bespoke bitcoin-focused financial services company that offers, among other things, custody services.

Cipolaro's sentiments echo a broader consensus among those in the blockchain and cryptocurrency industry following the U.S. presidential election, which has widely been interpreted as a net positive for the space — evidenced by bitcoin's price increase of approximately 18% over the past seven days.

Last week, JPMorgan analysts noted their expectation that bitcoin and gold would benefit from the result, with the former being further bolstered by MicroStrategy’s $42 billion bitcoin acquisition plan. BRN anticipates bitcoin to continue to perform, while BitGet Research suggested sidelined funds may enter the market out of fear and push the price higher. Bernstein analysts also reiterated their call for the price of bitcoin to hit $90,000 this year and $250,000 in 2025.


Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

While Bitcoin Hyper And Maxi Doge Trend Online, BlockDAG Powers Global Mining Network In 130+ Countries

Discover top presale crypto updates as BlockDAG nears $400M with 130+ countries mining, while Maxi Doge hits $1.7M and Bitcoin Hyper raises $13M.BlockDAG Starts Global Adoption Ahead Of LaunchMaxi Doge Presale Gains Speed With AI-Powered RewardsBitcoin Hyper Pushes Layer-2 Vision For BitcoinWhy BlockDAG is the Top Presale Crypto Over MAXI & HYPER

Coinomedia2025/09/13 06:09

Trending news

More
1
Your Most Promising Coins for 2025 — From Solid Gems to Wild 1000x Memecoins
2
Solana Hits $233.8 After Bull Pattern, Eyes $457.97 Next

Crypto prices

More
Bitcoin
Bitcoin
BTC
$115,727.8
+0.21%
Ethereum
Ethereum
ETH
$4,723.77
+3.67%
XRP
XRP
XRP
$3.11
+1.51%
Tether USDt
Tether USDt
USDT
$1
+0.03%
Solana
Solana
SOL
$242.3
+1.77%
BNB
BNB
BNB
$925.49
+1.88%
USDC
USDC
USDC
$0.9998
-0.00%
Dogecoin
Dogecoin
DOGE
$0.2848
+8.28%
TRON
TRON
TRX
$0.3544
+1.44%
Cardano
Cardano
ADA
$0.9274
+2.57%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter