How cryptocurrencies stacks up against other investments

Compared to stocks or bonds, trading activity and market capitalisation among cryptocurrencies are very concentrated within a small group of players

The crypto fever has quieted down, but the roller-coaster trading has raised the stakes for investors to figure it out.

Are they financial assets, currencies, commodities or something entirely new? Bitcoin and other cryptocurrencies have defied easy categorization since they burst into the public consciousness last year, fueling an intense debate over how they should fit into the average investor’s portfolio — and whether they belong at all.
 

However you define them, cryptocurrencies have become hard to ignore since Bitcoin’s meteoric rise to $20,000 last December (as of May 2, it’s now $9,145 after a recent selloff). While past performance is