NEW YORK • Now that bitcoin has topped US$20,000 for the first time, should you shift your hard-earned cash into digital currencies? History suggests caution should be your watchword, no matter how strong the fear of missing out may be.
News last week that One River Asset Management has set up a fund company that will have about US$1 billion in bitcoin and fellow digital coin ether by early next year suggests that institutional investors are starting to take cryptocurrencies more seriously.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you
