Bitcoin’s evolution from curiosity to cornerstone reflects both the promise and paradox of modern finance. Whether it belongs in a portfolio depends less on markets than on mindset. Notably, three of the companies mentioned above – Tesla, Visa, Coinbase – are all S&P 500 constituents. This highlights that those with passive funds emulating this index have exposure already. There are other publicly traded stocks that have Bitcoin exposure, and if the innovation arc holds true, more will follow. Whether that represents sufficient exposure will depend. It depends on having a conversation grounded in facts and centered on the investor’s long-term goals.
At Callan Family Office, we too live by that principle of knowing ourselves. The decisions we make reside at the intersection of a thorough understanding of a client’s unique objectives and our views of the market. We try to avoid being prescriptive – it is presumptuous and counter to who we are. So, we are open-minded on how a desire for Bitcoin exposure gets executed.
We are also risk managers and would make sure appropriate guardrails are in place if one were to own Bitcoin directly. While we are amid a digital transformation reshaping the tools of finance, it cannot alter some of its enduring truths. Scarcity still matters, as it underpins Bitcoin. So does prudent risk management. An enduring approach will consider both.
For our latest insights, please read our Special Report on Bitcoin.