Allocate 2-3% of portfolio to cryptocurrencies for diversification

Summary: Financial advisors suggest allocating 2-3% of an investment portfolio to cryptocurrencies due to their volatility. Investors' risk tolerance and age influence allocation decisions. Bitcoin surged to over $73,000 in March but dropped to under $69,000. In 2022, it fell by 64% to below $20,000. As of late, prices have quadrupled from their 2022 low, with a 50% increase year-to-date, outperforming the S&P 500.

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