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Crypto Prices Crashed, but True Believers Are Holding On – WSJ

By Thomas A. Smith

Crypto prices plunged this year, but Drew Larsen says that is no concern.

Over the past two years, Mr. Larsen, 54, has poured about 10% of his savings into cryptocurrencies like bitcoin, Ethereum and solana. He believes it is a smart hedge for his investment portfolio, the rest of which is in real estate, stocks and bonds. But more than that, he feels a deep connection to the idea of digital assets, which makes the pain of bitcoin s plunge this year a lot more bearable. 

I actually do think it has the potential to save the world, said Mr. Larsen, a founder of two software companies who now lives in Colorado with his family. So far, his crypto holdings have lost about 40% in value this year.

via www.wsj.com