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Crypto 'can be' a part of a diversified portfolio: Morningstar's Amy Arnott

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In a cryptocurrency panel discussion with Yahoo Finance's Jennifer Schonberger, Morningstar's Amy Arnott discusses how crypto can play a role in a diversified portfolio.

Video Transcript

JENNIFER SCHONBERGER: Is cryptocurrency part of a diversified portfolio? Do you see it as a long-term holding?

AMY ARNOTT: It certainly can be. Crypto is definitely becoming more established as a separate asset class and moving more into the investment mainstream. It used to be more of a fringe asset that was very specialized. You didn't really hear institutional investors talking about it very much until, I would say, the past two or three years.

So you have the global cryptocurrency market is now about $2.6 trillion in outstanding market cap. And so, given the size, as well as the phenomenal returns that we've seen in crypto, it's definitely something that long-term investors should consider if they're more risk tolerant.