Thread by @chiefynduom

So far I count 4 key papers relevant to the "Bitcoin Portfolio Investment Thesis" which is a guess that holding 1-3% of an investment portfolio in Bitcoin is prudent. Am I missing any big ones? (list below)

1) St. @stlouisfed BTC paper. research.stlouisfed.org/publications/r… - this is relevant because it's an intro from a credible source. & it includes this sentence "Bitcoin itself could over time assume
a similar role as gold." Adds believably to the Bitcoin Portfolio Investment Thesis

2) @jlppfeffer An (Institutional) Investor’s Take on Cryptoassets - A) lovely Gold 2.0 discussion from p. 17-20 B) BTC portfolio risk allocation?:"the correct answer is probably a long-term, buy-and-hold, unlevered investment of a low single-digit percentage of assets (at cost)"

3) @ProfJimLiew papers.ssrn.com/sol3/papers.cf… - both lucid & terse. Concludes that "using standard portfolio optimization tools we find that the optimal allocation to BTC is 1.3% over the sample we examined" This one is a firecracker - direct call to action type paper

4) JPMORGAN "Bitcoin Bible" - Does anyone have the full text? I am relying on the exceprt that leads to this "1% switch Treasuries to BTC improves portfolio efficiency
more than other hedges, but didn’t prevent drawdown in 2015" - given the source, this technical analysis is impt

5) My post was inspired by @etsebeth: 2018 will be yr that Central Bank's buy BTC. I had not read any of these papers. My logic was simple. If the dollar will fall 1-10% - put same of USD reserves in BTC - its an intuitive risk reward win for countries that need to catch up

6) HON. MENTION - Blackrock weekly insight: "We see cryptocurrencies potentially becoming more widely used in the future as the markets mature." No portfolio recommendation but important from such a large manager of client funds. blackrock.com/investing/insi…