By Gertrude Chavez-Dreyfuss (Reuters) - Digital currency bitcoin has found favor among smaller investors, thanks to the availability of funds designed to invest in it, but remains a niche among the larger investing community.
Investors at some family offices, smaller mutual funds, and traders at hedge funds say bitcoin has helped returns and demonstrated a low correlation with other asset classes.
Hopes that bitcoin would become a broadly used alternative to other currencies helped buoy its price to more than $1,000 in December 2013, when its market capitalization was $13 billion. But the market cap has retreated since then, to about $6.3 billion as of Friday.
http://www.finalternatives.com/node/32731
Topic: [2016-03-19] Bitcoin Finds Favor Among Smaller Investors As Larger Institutions (Read 249 times)
March 19, 2016, 04:37:41 AM
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