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Should You Buy Bitcoin?
In general, many financial experts support their clientsā desire to buy cryptocurrency, but they donāt recommend it unless clients express interest. āThe biggest concern for us is if someone wants to invest in crypto and the investment they choose doesnāt do well, and then all of a sudden they canāt send their kids to college,ā says Ian Harvey, a certified financial planner (CFP) in New York City. āThen it wasnāt worth the risk.ā The speculative nature of cryptocurrency leads some planners to recommend it for clientsā āsideā investments. āSome call it a Vegas account,ā says Scott Hammel, a CFP in Dallas. āLetās keep this away from our real long-term perspective, make sure it doesnāt become too large a portion of your portfolio.ā In a very real sense, Bitcoin is like a single stock, and advisors wouldnāt recommend putting a sizable part of your portfolio into any one company. At most, planners suggest putting no more than 1% to 10% into Bitcoin if youāre passionate about it. āIf it was one stock, you would never allocate any significant portion of your portfolio to it,ā Hammel says.
Newly uncovered hack campaign in Telegram
The campaign, which security firm Check Point has named Rampant Kitten, comprises two main components, one for Windows and the other for Android. Rampant Kittenās objective is to steal Telegram messages, passwords, and two-factor authentication codes sent by SMS and then also take screenshots and record sounds within earshot of an infected phone, the researchers said in a post published on Friday.
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