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A Bull vs. Bear Debate on Bitcoin | Model Portfolio Channel


By Jeremy Schwartz, CFA, Global Head of Research
Last week’s Behind the Markets podcast featured a debate on the merits of Bitcoin with Alex Pickard, VP of Research at Research Affiliates, and Jason Guthrie, Head of Capital Markets and Digital Assets for WisdomTree Europe.
Pickard said he first got into Bitcoin during his financial engineering graduate coursework at UCLA in 2013, but he really gained conviction to go long in 2015 at around the $500 price level. He turned a windfall profit into a startup enterprise to mine Bitcoin further.
Pickard’s experience mining led him to become much more skeptical about the cryptocurrency, however. The areas Pickard highlighted as risks include: ....

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