The Bull Case for Bitcoin
An observation, not a recommendation.
The Unloved
Morningstar publishes extensively about environmental, social, and governance investing, believing that the ESG movement has staying power. However, the company has not similarly embraced bitcoin. It is not that Morningstar is actively opposed to cryptocurrencies. Rather, its researchers are not equipped to assess them. Morningstar’s tools, which are derived from traditional investment analysis, evaluate assets that generate cash. Cryptocurrencies do not.
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John Rekenthaler does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.