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Does crypto deserve a place in your investment portfolio?

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Published Sat, May 28, 2022 · 05:51 AM
    • Size your allocation to crypto according to your risk appetite and circumstances if you choose to include it in your portfolio.
    • Size your allocation to crypto according to your risk appetite and circumstances if you choose to include it in your portfolio. Pixabay

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    Dexter Tiah

    IF YOU asked a passer-by “what is bitcoin” back in 2017, you would probably have elicited blank stares. Fast forward a mere five years, cryptocurrency or crypto-related news has reached mainstream media, with popular coins such as Bitcoin and Ethereum reaching a recent peak price of around S$80,000 and S$6,000 a coin respectively, making several early adopters tremendously wealthy in a short span of time. 

    However, it hasn’t all been a smooth ride up. As recently as early this month, another crypto, Luna, suffered a 99 per cent decline in price from some US$85 a coin to under 1 cent a coin, over a couple of days.

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