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In 2019, Tom Lee suggested allocating 1%-2% of investment in Bitcoin, and the CNBC host bluntly said, "That's crazy."
In 2019, Tom Lee suggested in an interview on CNBC that investors allocate 1%-2% of their portfolio to Bitcoin, but at that time on the CNBC show, this view was directly called "too crazy" by the host.
In the program, CNBC host Becky talks with Tom Lee to discuss whether Bitcoin is "seriously undervalued" and whether it should be invested in.
Tom Lee stated that for most investors, allocating 1%-2% of their assets into Bitcoin is a wise move. Even ordinary retail investors or retirement savers can afford such "small bets." He emphasized that Bitcoin's annual gains are usually concentrated in the strongest 10 days; if you miss those 10 days, the annual return could drop by 25%. Therefore, "long-term holding" is a key strategy.
Back then, the price of Bitcoin was still $5,000, and looking at it now, this "small bet" might actually be the best investment opportunity.