Some investors might be trying too hard to understand bitcoin and missing an investing opportunity in the process, according to an executive from Fidelity Digital Assets. Matt Horne, head of digital asset strategies at the firm's custody and trading arm for institutional investors, said investors and advisors are busy sharpening their cryptocurrency thesis when a small portfolio allocation is likely appropriate for them regardless of their thesis. "Most investors are saving money, investing money with an advisor, to meet some longer-term goal [such as] retirement," Horne added. "A non-zero position in something like bitcoin could make sense for a lot of clients given a long-term horizon [and] position sizing that's appropriate for their risk." Advisors who needed regulated funds like bitcoin ETFs to direct their wealthy clients to invest in bitcoin represented a big case for the funds.

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Persons: Matt Horne, Horne, bitcoin, — Organizations: Fidelity Digital Assets, Digital Assets, Financial Professionals, Fidelity Locations: Austin , Texas