Something big just happened in the crypto world. It's something that got very few headlines. But it represents a monumental shift in the hottest asset class on the planet. Jim Cramer came out and said Bitcoin is better than gold. Big whoop, right? Who cares what a loudmouthed, made-for-TV pundit says? Keep reading. "But gold let me down," he said in a YouTube interview. "Now I say 5% of gold, 5% of Bitcoin." It's a good thought. We agree about slicing things up. In fact, we double that allocation. But here's the thing. It's where folks will get it wrong. There's a big difference between gold, Bitcoin and almost all other cryptos. The allocation in Manward's Modern Asset Portfolio doesn't call for a big stake in Bitcoin. It calls for a 10% stake in crypto. [Editor's Note: Marc and The Oxford Club advocate that 5% of your portfolio go toward speculative assets like crypto.] Crypto - not Bitcoin. There's a big difference. We fear far too many folks will hear Cramer's bullish call on Bitcoin and miss the critical nuance. That's the problem with sound-bite media. It overlooks the details. And that'll kill ya. Digital Cash? Jim Cramer, like so many other pundits, equates Bitcoin to cash. "I own Bitcoin. I've owned it for some time," he recently said. "It's an alternative to a cash position, where you make absolutely nothing. I think it's almost irresponsible not to include." Again, it's a fair thought... but it's wrong. But we get why the world's most famous money screamer would say such a thing. Bitcoin has made him a TON of money. Late last year, he put $500,000 into Bitcoin. If it were truly a cash equivalent, he'd now have about $500,001. But Bitcoin isn't cash... and Cramer made out like a bandit. By our math, his stake is now worth more than $2 million. If cash appreciates anywhere near that fast, we're all in trouble. And, of course, if something can rise that quickly... it can fall just as fast. That's not so true with gold and certainly not the case with cash. Equating the digital currency to either is just plain wrong. Then why do we say to allocate 10% of your portfolio to crypto? Well, see above... $500,000 just turned into $2 million! It's the hottest asset class on the planet. It's irresponsible not to own it. But the story isn't about replacing the dollar or finding an alternative to gold. No, the bull case here (and it's the biggest bull case we've ever seen) is the massive amount of money flowing into the space from behemoth investors... and, bigger yet, the technology behind it all. | 
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