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As Bitcoinâs Price Surges, Affluent Investors Start to Take a Look
Cryptocurrencies, originally a way to conduct business outside the financial system, are increasingly seen as an asset akin to private equity or venture capital.
“They want transparency and they want to be able to plan around it,” Joel Revill, chief executive of Two Ocean Trust, said of wealthy adopters of cryptocurrencies.Credit.Sofia Jaramillo for The New York Times
Published Jan. 29, 2021Updated Jan. 31, 2021
Cryptocurrencies have soared in value. In a decade, theyâve gone from a fringe obsession that allowed coin holders to conduct business outside the financial system to an alternative investment managed as if it were any other investment. It hasnât hurt that the price of a single Bitcoin has gone from zero to over $30,000 in that time.
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