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-bsp-bb-link> when stocks have dropped-bsp-bb-link> and bond yields-bsp-bb-link> 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.
It’s quite a change from last November when FTX’s bankruptcy — which led to the fraud charges that put Sam Bankman-Fried on trial-bsp-bb-link> — sent cryptocurrencies into a spiral, with Bitcoin trading below $16,000. And while many …
