NYDIG's Cipolaro Urges Investors to Embrace Bitcoin Post-Trump Victory, Predicts Future Liability for Non-Owners

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According to Greg Cipolaro, the global head of research at NYDIG, there are "no excuses" for avoiding bitcoin anymore. He believes investors can’t justify steering clear of bitcoin, especially after the recent big win for President-elect Donald Trump and the Republican party in the U.S.

Cipolaro stated, “Not owning the asset is going to become a liability in the future.” He emphasized that now is the time for investors to have some bitcoin in their portfolios.

In an email, he said, “There are no excuses now” for having zero allocation in bitcoin. He pointed out that it’s easy to access through well-regulated products like ETFs. Plus, it’s becoming a political necessity. Investors who previously ignored bitcoin for various reasons may find it risky to continue doing so.

NYDIG, a part of Stone Ridge Holdings Group, focuses on bitcoin financial services, including custody solutions. Cipolaro’s views reflect a growing sentiment in the blockchain and cryptocurrency community after the U.S. presidential election. Many see it as a positive shift for the industry, especially since bitcoin's price jumped about 18% recently.

Last week, analysts at JPMorgan noted they expect both bitcoin and gold to benefit from the election results. They believe bitcoin will get a further boost from MicroStrategy’s $42 billion bitcoin acquisition plan.

BRN anticipates bitcoin will continue to perform well. Meanwhile, BitGet Research suggested that sidelined funds might enter the market out of fear, pushing prices higher. Bernstein analysts also reiterated their prediction that bitcoin could reach $90,000 this year and $250,000 by 2025.