Business
Cryptocurrency Price Drops, But True Believers Hold On
Cryptocurrency prices have fallen this year, but Drew Larsen says that’s nothing to worry about.
Over the past two years, 54-year-old Mr. Larsen has poured about 10% of his savings into cryptocurrencies like bitcoin, Ethereum and solana. He believes it’s a smart hedge for his portfolio, with the rest being real estate, stocks and bonds. But more than that, he feels deeply connected to the idea of digital assets, which makes the pain of bitcoin’s drop this year so much more bearable.