Strong Bitcoin swings make it difficult for investors to convert cash to crypto

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As I said before, “Bitcoin is a hypervolatile asset,” and we saw that in the Strong Bitcoin Swings in the past week. Last Sunday (10th January), the currency lost almost 25% of its value in just 24 hours. And this swing might have almost given a heart attack to companies who invested half of their cash reserves in the same. Even the companies knew what they were getting into, but experiencing it upfront is something completely different. If the price of Bitcoin didn’t recover, it would…

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