Jolley suggested that a bitcoin allocation belongs in all portfolios, after suggesting that the United States dollar will see significant inflation next year. “We normally have a 15% allocation [...] to gold, bitcoin will come in and replace some of that gold allocation. I’ve set it at 5%," he said.
Bitcoin is cementing $15,500 support on November 11 as positive news from within the industry and beyond buoys the bulls. Data from price trackers including CoinMarketCap shows BTC/USD retaining $15,000 support over the past 24 hours, with lows of $15,125. Highs of $15,700 have followed, with press-time levels focusing on $15,600.