NGC Cai Yan: Compared with Merrill Lynch, NGC proposes a digital currency investment clock with "Bitcoin" as its core

The second phase of the "Blockchain Finance Department Week" of Babbitt Industry Class continued to export high-intensity dry goods today. Cai Yan, Managing Director of NGC Ventures, explained the investment strategy of the NGC fund in detail. She pointed out that the "investment clock" proposed by Merrill Lynch divides the economic cycle into four stages of recovery, overheating, stagflation and recession, and obtains optimal investment returns through relevant asset allocation at different stages. A rational investor should allocate more stocks during the economic recovery period, allocate commodities during the overheating period, hold cash during the stagnation period, and hold bonds during the recession period.

Compared with Merrill Lynch, NGC proposes a digital currency investment clock with “Bitcoin” as its core, and analyzes the investment strategy of digital assets. It replaces inflation factors with emotional factors. Due to high investment sentiment, capital inflows will play a similar role to inflation. Effect. GDP growth should be replaced by fundamental factors (including technological progress and commercial applications), which represent the inherent development and organic growth of the industry. Based on this logic, the investment strategy of digital currency in different market cycles is derived.