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Bitcoin Is Number One Pick — Asset Manager Confident BTC Will Take Him 'to the Top' in Stock Draft Competition

Crypto News , Cryptocurrency News , Bitcoin News Today , Altcoin News

At CNBC's Stock Draft, a yearly stock-picking rivalry, bitcoin was the main pick. Tim Seymour, the organizer of Seymour Asset Management, accepts that the public authority will come out with guidelines that help bitcoin. He is certain that the digital currency will take him "to the top" this year. 

Bitcoin Was Top Pick at Annual Stock Picking Competition 

CNBC's 2021 Stock Draft, a yearly stock-picking rivalry, started a week ago. There are 10 challengers or groups of various callings. Each group makes 2 picks from a rundown of 60 stocks and different ventures. 

The groups are driven by resource director Tim Seymour of Seymour Asset Management, proficient poker player Maria Ho, Olympic swimmer Ryan Murphy, Shark Tank's Kevin O'Leary (otherwise known as Mr. Superb), and "The Stock Guy" Jason Frank. Additionally contending are mentalist Oz Pearlman, supermodel Petra Nemcova, Tiktok star Josh Richards, proficient b-ball player for the Miami Heat Andre Iguodala, and Chief Investment Strategist and Portfolio Manager at Hightower Stephanie Link. 

The organizer and boss venture official of Seymour Asset Management, Tim Seymour, won an attracting to make the principal pick for the opposition this year. The last time he had the opportunity to make the main pick was in 2019 when he picked General Electric. 

As an accomplished financial backer in the cannabis space who oversees Amplify Seymour Cannabis ETF (CNBS), Seymour was relied upon to pick a cannabis stock first. Nonetheless, he picked bitcoin as his top pick this year, expressing: 

The champ of the Stock Draft rivalry will be the one whose stocks have the most noteworthy normal value appreciation between the end cost on April 29 and the nearby on Feb. 11, 2022. 

Concerning bitcoin graph, which some say looks "disturbing in any event in the close to term," Seymour answered, "I'm not stressed over the close to term and we've seen numerous pullbacks in bitcoin." While conceding that he would have wanted to have purchased BTC at "$20K back," he said, "the sense for me is that we are beginning to see a lot more extensive institutional appropriation."

MAY 02, 2021