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Market Extra: Want to invest in bitcoin? Investors need to be willing to lose it all, adviser says

Bitcoin is all the rage lately. But it is suitable for average investors?

A cursory glance of the wild swings in the so-called cryptocurrency suggests that the asset likely would take an ironclad constitution to stomach its massive price gyrations. That makes it likely unsuitable for average mom and pops.

Still the digital currency, which has been on a tear of late, setting a series of all-time highs, has garnered the interest of novices, who don’t know the first thing about bitcoin or the blockchain—the universal record of all bitcoin transactions. Each computer running the bitcoin software keeps a copy of the ledger encoded in its system, which is one of the benefits of bitcoin and the blockchain: its perceived security.

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