Financial expert admits: “I was wrong about Bitcoin”

INFBusiness
10.09.2025
News

He has been one of the most well-known faces in the German-speaking finfluencer scene for years: Dr. Andreas Beck, the Munich-based portfolio manager known for his sober analyses. However, he has expressed skepticism about Bitcoin in the past.
Although he held a whole BTC himself at one point, he declared that he had sold it at a profit in early December 2024. The reason: “I had the opportunity to buy two underground parking spaces in Munich.”
At the time, the leading cryptocurrency was fluctuating between approximately $90,000 and $98,000. At the time of writing, the Bitcoin price is at $110,800, still about 11 percent below its all-time high of August 14.
When asked about this by moderator Mario Lochner in a recent interview, the portfolio manager said with a wink: “I'll never give up the garages again, because you can park there.” Nevertheless, he did not expect “this wave to last so long.”
Beck adds: “I would never have thought it possible that Bitcoin would take on such dimensions, that Trump would jump on it so much, that there are now Bitcoin ETFs. It doesn't fit into our concepts, but I was wrong.”
However, he avoids making a clear statement about cryptocurrency for now. Instead, the mathematician says with a laugh: “Money isn't everything. You also need parking.”
In 2019, Beck launched his “Global Portfolio One” fund, with which he aims to directly apply new insights from capital market research. Since its launch, the product has achieved a remarkable 61 percent return in euro terms.
While Bitcoin currently has no place in the fund, which is diversified across various asset classes, gold, the classic store of value, is an important part of the reserve. At $3,666, the gleaming precious metal reached a new all-time high today.

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