Bitcoin Is Hitting Record Highs. Why It’s Not Too Late to Dig for Digital Gold.

Digital currencies have the attention of the mainstream. Even America’s oldest bank can’t ignore them. Bank of New York Mellon , founded in 1784 by Alexander Hamilton, announced last week it will help clients hold and transfer bitcoin and other cryptocurrencies. That followed an announcement from Tesla that the electric car maker purchased $1.5 billion worth of bitcoin. The combined excitement generated by two well-known companies likely played a role as the price of bitcoin hit $50,000 for the first time. Many investors may justifiably feel that buying bitcoin or other tokens directly as a way to tap into this momentum is too speculative or volatile. But it may be time for even the crypto-agnostic to start thinking about getting exposure to the emerging ecosystem around bitcoin and other digital assets—not necessarily for the value of those assets themselves, but how finance and banking might evolve because of them. After…

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