Investors Who Mix Crypto Holdings See More Gains

Published by
The Street

By Brenda Bouw A bet on bitcoin alone turned out to be a bad move for digital currency investors. Diversifying your cryptocurrency assets into names other than bitcoin is proving to be the best strategy for digital currency investors. The Eurekahedge Crypto-Currency Hedge Fund Index, made of 18 equal-weighted members, is up 170% for the first 11 months of the year, Bloomberg reports. That compares to bitcoin, which gained roughly 100% and ether, the coin of the ethereum blockchain, which was up more than 500% over the same period. Bitcoin has also been volatile, rocketing to a record of nearly…

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