How much Bitcoin is just right for asset allocation? Litecoin founder suggests this

Over the past decade, Bitcoin has achieved many milestones, naturally making cryptocurrency prices a focal point for the masses. One recurring question that often arises is, "How much Bitcoin should one own?"

In the latest episode of the interview program "Magical Crypto Friends," which can be found at YouTube, the issue was extensively discussed. The guests included Monero core team member Riccardo Spagni, Litecoin founder Charlie Lee, Bitcoin supporter WhalePanda, and Blockstream Chief Strategy Officer Samson Mow. The report pointed out that despite all the guests being project founders and cryptocurrency enthusiasts, there were varying opinions when asked how much Bitcoin the average person should own. Charlie Lee stated: "I think it should be 10% of your total assets because Bitcoin can easily increase tenfold. If it goes up tenfold, that means your total assets increase by double. If Bitcoin goes to zero, you only lose 10% of your assets. This is a reasonable risk, but if you want to take on more risk, go for it!" Riccardo Spagni believed that this number varies based on the risk one can afford. Samson Mow mentioned: "I don’t think there’s a correct answer. It’s a bit like asking how much gold everyone should have. It completely depends on whether you want to preserve ‘some form of money,’ and personal financial situations are also a consideration. I think having some Bitcoin is a good target, but there’s no specific quantity." Furthermore, the interview continued to discuss "why investing in Bitcoin is a bad idea for the poor." WhalePanda stated: "Bitcoin is not suitable for those who need to use all their salary to pay rent, bills, and food because they can’t save money, so I think they really shouldn’t use Bitcoin." Samson Mow agreed with this, mentioning the pain points of Bitcoin in terms of usage scenarios: "Bitcoin transaction fees can be 25 to 50 cents during peak times. So if the transaction fee is a quarter or half of your daily income, how could you possibly use it every day?" Riccardo Spagni also pointed out that even if the transaction fee is zero, using Bitcoin is still expensive for the poor because they must have a smartphone, and the phone must also have mobile network access. Samson Mow also noted that security issues will gradually emerge, such as whether the private key backup should be written on paper or elsewhere, or problems like phone damage. Riccardo Spagni concluded: "In the future, Bitcoin definitely has the potential to build more infrastructure, such as the Lightning Network, and even zero-cost custodial systems. These systems are built for people who cannot access financial services, and there is no central institution involved. Considering the time for the proliferation of mobile Internet and smartphones, Bitcoin may still need five to ten years." **Further Reading:** - Private Key Proof: How will major exchanges respond? - TRON Foundation unlocks 33 billion TRX tokens, concerns about triggering sell-offs Join now to get the most complete information on financial technology, blockchain knowledge, and industry examples! Click .