Monetary business veteran George Ball (NYSE:) believes traders can be prudent to allocate a “small half” of their portfolio to cryptocurrencies — marking a serious departure from his earlier stance in direction of digital property.
In an interview with Yahoo Finance, Ball described cryptocurrencies like (BTC) as an “engaging” possibility for traders trying to hedge towards forex debasement. His feedback got here as Congressional lawmakers mulled a $1.9 trillion aid invoice that will put present as much as $1,400 in direct stimulus funds to People impacted by Covid-19.
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