Duke University’s Campbell Harvey thinks diversification is the right call. “To have a portfolio that has exposure...to a single crypto like bitcoin, that doesn’t make any sense, because while bitcoin is the most important one right now, its share of the overall capitalization of cryptos has decreased through time. There are so many other tokens out there,” Harvey said.

“It’s naive to think that bitcoin is just going to keep on going up. There is going to be some limit, and people need to deeply consider that,” he said.