2024-01-25 18:09:04
© Reuters.
Investing.com – With interest on the rise in the crypto world, digital currencies are alternatives for portfolio diversification in 2024, considering the risk profile of each investor. For this year, Genial Investimentos sees a positive moment and recommends exposure through the main cryptocurrencies on the market: and .
Bitcoin should maintain a prominent position in the ecosystem and would be “the simplest, safest and most regulated way to invest in the largest cryptocurrency in the world”, a strategy to increase long-term returns amid greater institutional adoption.
Ethereum has a promising outlook, although with greater risks, as it is under development and requires successful updates. “However, its advantage as a pioneer in the smart contracts space and the built network effect continue to be distinctive factors”, adds Genial in a report sent to clients and the market.
Trends for 2024
Last year, the thesis of BTC as a store of value gained strength amid geopolitical conflicts and bankruptcies of American banks, such as Silvergate and Silicon Valley Bank, recalls Genial.
Now, with the approval of Bitcoin ETFs, institutional demand marks the beginning of a new cycle.
“The interest came from 14 of the largest managers in the world, such as BlackRock (NYSE:) and Fidelity. This pent-up demand culminated in the approval of the first spot Bitcoin ETFs in the North American market. These ETFs now establish a legal precedent for the emergence of new crypto ETFs, facilitating the entry of institutional liquidity into the market”, assess the analysts.
The suggested allocation on the Brazilian stock exchange is through ETFs such as the Hashdex Crypto Index Fundo de Index (BVMF:), which has majority exposure to Bitcoin and Ethereum, or through ETFs Hashdex NASDAQ Bitcoin Reference Price Fundo de Index (BVMF:) and Hashdex NASDAQ Ethereum Reference Price Index Fund (BVMF:), which replicate the variations of BTC and .
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