HARRISBURG, Pa. (AP) — The new year will usher in the bitcoin-friendly administration of President-elect Donald Trump and an expanding lobbying effort in statehouses. Together, they could push states to become more crypto-friendly and more public pension funds and treasuries to buy cryptocurrency. Proponents of the uniquely volatile commodity argue that it’s a valuable hedge against inflation, similar to gold. But the risks are significant. Critics say a crypto investment is highly speculative with so much unknown about projecting its future returns and warn that investors should be prepared to lose their cash.
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