Co-host of CNBC's Squawk Box: 'to invest 1% of portfolio in BTC is crazy'

05 Apr, 2019 | Updated: 05 Apr, 2019
by Joeri Cant
Bitcoin
Co-host of CNBC's Squawk Box: 'to invest 1% of portfolio in BTC is crazy'

Becky Quick, the co-host of CNBC's Squawk Box, tells Tom Lee, the head of research firm Fundstrat Global, that investing 1% of your portfolio into Bitcoin is crazy.

The co-host of CNBC's Squawk Box, Becky Quick, seemed genuinely shocked to hear Tom Lee say that his research firm Fundstrat Global would recommend investors to have 1 to 2% of their portfolio invested into Bitcoin.

'For a retail investor, somebody who is saving for retirement, putting that aside, that seems crazy to me', Quick said.

When Lee points out that most investors could afford to lose that 1% of their portfilio in case Bitcoin goes belly up, Becky 'Quickly' interupts:

'That is crazy', she says. 'You might as well throw it away on high fees.'

'You are taking a flyer on this. You don't know where it is going to go, or what is going to happen.'

Read more: What can you buy with Bitcoin?: 2010 vs 2023

It seems that Twitter cryptoverse is taking notice and is asking Becky why she thinks investing 1% into Bitcoin is 'crazy'?

In the meanwhile, Becky seems to double down on her 'crazy' comment.

Read more: Is Bitcoin at $1 million really possible?

What do you think? How much percentage would you recommend? Let us know in the poll below.

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