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Bitcoin Buyers Offered Chance to Make Money and Avoid Big Losses

Bitcoins As The Digital Currency Climbed To Highest Levels Since Early November

Photographer: Chris Ratcliffe/Bloomberg

Cedric Jeanson has a tempting proposition for investors scared of Bitcoin after it cratered last year: they can benefit from gains in the digital currency, but still get most of their money back if it tumbles.

His firm BitSpread Ltd. is offering what Jeanson says are the first structured products to protect investors’ capital in Bitcoin trades. The two-year contracts shield 85 percent of a buyer’s principal, while giving them 33 percent of any gains in average price. That would have helped buyers when the largest digital currency lost three quarters of its value in 2018.