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Jim Bianco suggests lesser risk as the volatility of cryptocurrencies slow down

Market investor Jim Bianco told to CNBC’s Trading nation that cryptocurrencies like ethereum are going to see a boom in the near future. In the current scenario valuation of coins is very vulnerable where a drop of 50% to 70% is seen. At a later point of time when cryptocurrency will be a part of the real economy, the prices will soar high. Currently cryptocurrencies are in a volatile state because it has not been adopted by the market yet. As and when the exposure to cryptocurrencies increase the risk will reduce. Bianco, who owns various digital coins including ethereum but not bitcoin trades only once or twice in a year. Three or four years back the case was similar with stock market. If this is the belief we could soon expect bolstering in cryptocurrency.

Source: CNBC

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