I appreciate your comment and respect your approach. Each of us has to sleep at night. Personally, I'll own Bitcoin according to my confidence level in it and the multiple counterparties required to own it. Right now, for me, that is 50%. maybe it will change. I understand BlackRock believes the efficient frontier is around 83-85% allocation.

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you don't need any counterparties to own/hold bitcoin though. just buy it and send it to cold storage.