Asked a financial advisor friend recently what they assume for real returns in their typical portfolio (think 60/40) - he said 6%.

I asked if someone allocated 10% of that portfolio to #Bitcoin ETFs, what would the expected real return be.

He looked me dead in the guy, didn't even smile, and just said "Oh, still 6%. We just kind of assume that is about what you're going to get."

Even if he'd said something like 3% because they believed bitcoin would underperform, I'd have taken that as a real answer. But to blindly say "6% is what you get regardless of the bucket of assets you invest in" is beyond a disservice.