Does crypto deserve a place in your investment portfolio?

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.