“Industry Perspectives” 2Q 2018
Despite vast publicity in the media, many people don’t fully understand exactly what Bitcoin is in nontechnical terms. Many investors also question whether Bitcoin is riding a speculative wave that could soon collapse. We believe the price appreciation of Bitcoin is a temporary situation driven by pure speculation. If trading volume shrinks materially, the price of Bitcoin could drop to near zero.
In this latest Industry Perspectives, we discuss:
- Bitcoin has made many headlines in the past year without a full
understanding of the potential downfalls of the cryptocurrency.
- There’s a “near zero” chance of Bitcoin overtaking the U.S. dollar as the world’s dominant currency.
- We believe there are far more negatives than positives to Bitcoin and consider it a speculative bubble.
None of the Buffalo Funds invests in Bitcoin or any other cryptocurencies. As of 3/31/18 Visa was held by the Buffalo Dividend Focus Fund (2.60%), Growth Fund (2.08%), and Large Cap Fund (2.88%); no Buffalo Funds held Paypal.
We get to know the companies we invest in and learn how they run their business.
Top-Down & Bottom-Up
We identify Top-Down broad, secular growth trends and search for companies from the Bottom-Up.
We construct our portfolios based on our own proprietary investment strategy.
Sticking to our disciplined investment strategy ensures we maintain a consistent, balanced approach.
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