Episode 29: Holy Bitcoin, Batman! Could Bitcoin Fit In A Risk-Parity Style Portfolio?

<p>In this episode, we analyze an investment in bitcoin for a risk-parity style portfolio using David Stein&apos;s 10 Questions to Master Investing, which are:<br/><br/>1.  What is it?<br/>2.  Is it an investment, a speculation, or a gamble?<br/>3.  What is the upside?<br/>4.  What is the downside?<br/>5.  Who is on the other side of the trade?<br/>6.  What is the investment vehicle?<br/>7.  What does it take to be successful?<br/>8.  Who is getting a cut?<br/>9.  How does it impact your portfolio?<br/>10.  Should you invest?<br/><br/>Investopedia Article About Bitcoin:  https://www.investopedia.com/terms/b/bitcoin.asp<br/><br/>Article re $1B bitcoin loss -- now revealed as a US government seizure:  https://www.marketwatch.com/story/somebody-may-have-just-gotten-away-with-stealing-1-billion-11604592280?mod=home-page<br/><br/>Analysis of bitcoin vs. gold vs. total stock market fund:  https://www.portfoliovisualizer.com/backtest-portfolio?s=y&amp;timePeriod=4&amp;startYear=1985&amp;firstMonth=1&amp;endYear=2020&amp;lastMonth=12&amp;calendarAligned=true&amp;includeYTD=false&amp;initialAmount=10000&amp;annualOperation=0&amp;annualAdjustment=0&amp;inflationAdjusted=true&amp;annualPercentage=0.0&amp;frequency=4&amp;rebalanceType=1&amp;absoluteDeviation=5.0&amp;relativeDeviation=25.0&amp;showYield=false&amp;reinvestDividends=true&amp;portfolioNames=false&amp;portfolioName1=Portfolio+1&amp;portfolioName2=Portfolio+2&amp;portfolioName3=Portfolio+3&amp;symbol1=GBTC&amp;allocation1_1=100&amp;symbol2=GLD&amp;allocation2_2=100&amp;symbol3=VTI&amp;allocation3_3=100<br/><br/>Correlation analysis matrix of bitcoin (GBTC):  https://www.portfoliovisualizer.com/asset-correlations?s=y&amp;symbols=VTI%2C+TLT%2C+GLD%2C+VNQ%2C+VNQI%2C+GBTC&amp;timePeriod=2&amp;tradingDays=60&amp;months=36<br/><br/><br/><br/><br/></p>