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Cryptocurrency Is an Asset Class: Why You Need to Own Some

Released on Tuesday, March 16, 2021•Cryptocurrency

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When cryptocurrencies burst onto the radar of financial media several years ago, headlines chronicled its rapid gyrations with skepticism. In 2021, investors who don't accept cryptocurrency as an asset class—and work crypto exposure into their portfolio accordingly—are missing out. It's here to stay, and still in the early innings of adoption; Tesla's recent decision to purchase $1.5 billion in bitcoin could mark a paradigm shift in how corporations manage their balance sheets, disproportionately benefiting top cryptocurrencies like Bitcoin and Ethereum. This session will highlight why every investor should keep at least a small percentage of their portfolio in high-quality electronic currencies, which have earned their reputation as forms of digital gold.

John Divine

U.S. News & World Report, Senior Financial Markets Editor

John Divine is a senior investing reporter for U.S. News & World Report, where he's been covering the stock market, Wall Street, and the economy since 2016. Prior to U.S. News, he covered the stock market professionally for The Motley Fool and InvestorPlace. Since turning to journalism, Mr. Divine has appeared on numerous financial media programs—discussing Wall Street earnings, acquisitions, valuation, and other issues—including Cheddar, Money Life With Chuck Jaffe, iHeartRadio, WSJ Radio and WBBM Chicago, as well as several other outlets.