Investing
Bitcoin Rebound Fuels Renewed Interest in Crypto Investing
Some financial planners are recommending clients buy the largest cryptocurrency — in moderation.
A Bitcoin sign on the opening day of a European blockchain convention earlier this month.
Photographer: Angel Garcia/BloombergThis article is for subscribers only.
Bitcoin’s climb to $35,000 is helping to restore its reputation in the world of investment advice.
The world’s largest cryptocurrency has more than doubled from last year’s epic collapse, a significant development when stocks have dropped and bond yields are surging. With the Federal Reserve planning to keep interest rates high, and geopolitical tensions threatening financial stability, some advisors say adding Bitcoin to an investment portfolio can be a good way to diversify.