Is cryptocurrency a good long-term investment?

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According to sophisticated investors like banks, hedge funds, and pension funds, the answer is yes.
More people are investing in cryptocurrencies than ever before, and JP Morgan Chase, the investment banking behemoth, suggested in February 2021 that clients diversify their portfolio by investing 1% of their assets in bitcoin.
This investing advice, on the other hand, is geared for financial specialists, not the typical individual with a few thousand pounds in stocks and shares.
Investing in a cryptocurrency that isn't well-known or backed carries a significant risk.
Some of the early investors who stuck it out have clearly become wealthy. Those who haven't seen it yet? It should be self-evident that their worth has plummeted to near-zero.
Most serious bitcoin investors will not consider investing in ventures that are not already well-known.
Top tip: Keep an eye on what high-net-worth individuals are purchasing. If they invest in crypto at all, pension funds and university endowments, which control billions of pounds in cash and specialize in long-term investments, will almost always invest in bitcoin.
Bitcoin is the first cryptocurrency and has a high long-term worth due to the fact that it has never been hacked and has had 100 percent uptime since its inception.

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