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Seeking Alpha 2021-03-15 12:26:38

Believe It Or Not, I Did Start A Position In Bitcoin

As options for buying Bitcoin have become more available, I have taken a renewed interest in an asset I have long shunned.While I missed out on the massive run-up in Bitcoin, I see some benefits to the asset I did not before. As a result, I did start a very small position.Bitcoin has a few key benefits. Its correlation to equities has been on the decline, and its adoption by many large institutions is a tailwind.Of course, there are major risks to this asset. Knowing the "true" value is almost impossible, and it is not for investors who cannot withstand a lot of volatility.

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