Crypto’s comeback: Should Bitcoin and other digital assets be in your portfolio now?
SINGAPORE – Cryptocurrencies like Bitcoin and Ether have rallied in recent weeks, buoyed by clearer regulations in the United States and renewed investor interest, prompting the question of whether digital assets now have a place in mainstream investment portfolios.
Bitcoin, the world’s largest cryptocurrency, was trading at more than US$119,000 on July 28, after briefly crossing the US$120,000 mark for the first time on July 14. It has risen more than 80 per cent in the past 12 months, driven by new bitcoin exchange-traded funds (ETF) and rising institutional adoption, among others.
Ether was changing hands around US$3,800, up more than 60 per cent in the past month following inflows into newly launched US-listed spot Ether ETF. It is…
