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    Can Bitcoin Be a Prudent Investment for Trusts?

    by James J. Ferraro, JD Aug 10, 2021 3 minutes

    Bitcoin and other cryptocurrencies, such as Ethereum, Litecoin and Cardano, have recently become a popular way for individual investors to diversify their investment portfolios and realize substantial growth. Bitcoin, which has the largest market capitalization among cryptocurrencies, remains dominant in the field, rising a staggering 302% in 2020. Since the beginning of this year, the S&P 500 has posted a strong 17% return, while Bitcoin has risen by 43% as of late July.

    The success of Bitcoin is due to a variety of factors:

    • Its limited supply has increased demand. There are currently about 18.7 million Bitcoin in circulation. It is widely known that the algorithm that forms the foundation for Bitcoin mathematically provides

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