MJP President Gives His Take on Buying Bitcoin

Brian Vendig, president of MJP Wealth Advisors, shared his thoughts with CNBC about new bitcoin exchange traded funds (ETFs) that now make it easier than ever for investors in more traditional assets, such as stocks and bonds, to try investing in crypto. Instead of having to open a separate account to buy crypto — often with high trading fees — investors in the ETFs can hold bitcoin along with their other investments in their brokerage accounts.

“This is definitely an inflection point,” says Brian Vendig, president of MJP Wealth Advisors in Westport, Connecticut.

“It’s all still speculation. That hasn’t changed,” says Vendig.

Vendig recommends keeping things small. “I’d say 1% on the more conservative side, and no more than 5% of your total portfolio if you’re a growth-focused investor.” Read full article here.