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Every Financial Portfolio Should Include Bitcoin, New Research Paper Suggests

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The viability of investments into cryptocurrencies is a hotly debated topic. While many investors large and small are still skeptical about virtual currencies like Bitcoin, a growing number of people are starting to come around.

In many nations, especially ones fraught with economic and political instability, virtual currencies offer an alternative way to hedge against a failing financial climate.

But cryptocurrency investment is also taking off inside of nations with advanced economies. A March survey from South Korean news agency Yonhap said those in their 20s were the front runners when it came to buying digital currency.

Early in June, a survey from German retail bank Postbank found how about 30% of people saw virtual currency as a desirable investment opportunity. Almost half of those polled were between 18 and 34.

Even some traditional financial institutions are starting to look into virtual currencies. Andreessen Horowitz is reportedly looking into starting a fund specifically to exchange crypto assets.

A new working paper from the National Bureau of Economic Research also praises Bitcoin's investment potential. The study, written by professors Aleh Tsyvinski and Yukin Liu, recommends holding at least 6% of Bitcoin in a portfolio for an optimal construction.

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