MJP President Gives His Take on Buying Bitcoin

Brian Vendig, president of MJP Wealth Advisors, shared his thoughts with CNBC about new bitcoin exchange traded funds (ETFs) that now make it easier than ever for investors in more traditional assets, such as stocks and bonds, to try investing in crypto. Instead of having to open a separate account to buy crypto — often with high trading fees — investors in the ETFs can hold bitcoin along with their other investments in their brokerage accounts.

“This is definitely an inflection point,” says Brian Vendig, president of MJP Wealth Advisors in Westport, Connecticut.

“It’s all still speculation. That hasn’t changed,” says Vendig.

Vendig recommends keeping things small. “I’d say 1% on the more conservative side, and no more than 5% of your total portfolio if you’re a growth-focused investor.” Read full article here.

This article is intended for information purposes only. The opinions expressed are as of January 6, 2024 and are subject to change without notice. Reliance upon information in this material is at the sole discretion of the reader. Investing involves risks. This information is not intended to be complete or exhaustive and no representations or warranties, either express or implied, are made regarding the accuracy or completeness of the information contained herein. This material may contain estimates and forward-looking statements which may include forecasts and do not represent a guarantee of future performance.