Leading institutional investment consulting firm Cambridge Associates holds that institutional investors should consider exploring cryptocurrencies for the long term or ‘hodl’ in Bitcoin lingo.
Cryptocurrencies May ‘Upend the Digital World’
Cambridge Associates is a Boston-based institutional investment consulting company with more than $300 billion in assets under advisement. It holds that it’s high time for institutions to consider cryptocurrencies, Bloomberg reports.
The firm asserts that, despite the twists and turns, cryptocurrencies may ‘very well upend the digital world.’
Despite the challenges, we believe that it is worthwhile for investors to begin exploring this area today with an eye toward the long term. […] Though these investments entail a high degree of risk, some may very well upend the digital…