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First Mover: Why Mohamed El-Erian Might Have Held Bitcoin at $19K

This year's rapid price gains are unnerving some investors, but NYDIG's Greg Cipolaro argues that bitcoin's growing network could justify $52K in five years.

By Bradley Keoun, Omkar Godbole, Sebastian Sinclair

Updated Sep 14, 2021, 10:39 a.m. Published Dec 7, 2020, 1:56 p.m.

Allianz Chief Economic Advisor Mohamed El-Erian says he recently sold bitcoin "not based on any deep analysis" after buying some two years ago.