Wealth Manager Advises Against Investing in Bitcoin. Billionaires Beg to Differ

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Aside from the recent downturn, Bitcoin and other cryptocurrencies have done extremely well over the past two months. From the March lows of $3,700, BTC has rocketed as high as $10,100 for a gain of approximately 170%. It’s a performance that allowed Bitcoin to outperform basically any other established asset class (or any $100+ billion single asset for that matter). It’s no surprise, then, that there has been an uptick in both retail and institutional players interested in the Bitcoin market. I’ve seen it personally, with multiple friends and family members asking me how they can buy cryptocurrencies and about my thoughts on the market. Though CNBC is reporting that a prominent wealth manager thinks Bitcoin investing is currently a bad idea. CNBC: Wealth Advisor Is Hesitant to Call Bitcoin a Good Investment There are a growing number of fundamental drivers for Bitcoin demand, yet Chief Investment Officer of Creative…

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