State Street’s $5.7 trillion portfolio chief missed Bitcoin at $500
Lori Heinel, Global Chief Investment Officer at State Street, oversees $5.7 trillion and has shared her experience of missing the Bitcoin opportunity at $500.
Heinel had pitched gold to clients nearly 7 years before it broke $3,000, citing broken 60/40 dynamics and U.S. debt debasement.
If she had invested $10,000 in Bitcoin at $500, it would be worth roughly $10 million today.
Heinel’s story highlights the challenges of identifying investment opportunities and the importance of diversification in a portfolio.