Is Cryptocurrency a Good Hedge in Your Portfolio?

Available for Interviews: Don Garman

Don Garman is the Founder and Chief Investment Officer of Mirador Capital Partners and Co-Founder of Tri-Valley Ventures. A seasoned investor in both public and private companies for over 30 years, Don leads Mirador’s Investment Committee and oversees each of the firm’s proprietary investment strategies.

 

What Don Garman can say in an interview:

The recent volatility in global markets has investors asking whether they should have some amount of cryptocurrency in their portfolios to hedge against uncertainty. Crypto, as it’s known, and its underlying infrastructure, Blockchain, have been a hotly debated topic in the past few years and now the global pandemic has investors of every age interested in the potential protection against downside risk in the equity markets.

5 Things You Need to Know
About Cryptocurrency

1.  The first question investors should ask themselves is whether or not they understand what they are investing in. Most financial advisors would not advise taking a position in what’s known as a speculative investment. That being said, if you’re a knowledgeable investor, with a high degree of confidence, you may find it beneficial to diversify your portfolio by taking on a position in crypto. If you’re asking “What do you mean, ‘mining’?” it’s probably best to abstain from taking a large position.

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