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Does bitcoin deserve a place in your investment portfolio? – Sydney Morning Herald
Greater institutional and corporate support has brought some legitimacy to cryptocurrencies but there are still substantial risks.
While institutional support has increased, blockchain analytics firm Glassnode estimates that about 2 per cent of holders still control more than 70 per cent of all bitcoin. Such a tightly held market means that price manipulation is a risk, and investors need to be discerning towards liquidity, especially in a highly speculative environment.
If you want to invest in Bitcoin in small amounts for portfolio diversification, it does have some benefits. Crypto-currencies are peripheral alternative assets…
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