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First Published: Forbes, June 9, 2021
Investor interest in digital assets — a novel asset class that covers a broad spectrum ranging from cryptocurrencies through to “stable coins” and a vast array of other types of digital “tokens” — has skyrocketed in recent months, as has their price action. The cumulative value of all cryptocurrencies grew 300% in 2020, currently totaling over $2 trillion. Bitcoin, the first and flagship digital asset reached a record high in April 2021 and exceeded $60,000 each — a marked contrast to its trading range in 2010 of sub-$0.10.
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