Still, the percentage of crypto ownership relative to traditional asset classes like bonds and stocks is paltry. That pertains to bitcoin, the largest digital currency, as well.
The 2018 Trends in Investing Survey indicates 24% of respondents “consider them (digital currencies) a ‘gamble; only worth investing money you can stand to lose’; 29 percent consider them an ‘interesting concept to keep an eye on, but not invest in yet’; 18 percent say they are a ‘fad that is best avoided’; and 26 percent say they are ‘not a viable investment option,’” reports Traders Magazine.
On Friday, each of the 10 largest digital currencies by market capitalization declined.
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