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Risky Bet: Crypto Newbies Have Family And Friends To Thank For Losses

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Crypto is no stranger to busts, having suffered four major drawdowns since late 2017.Brian Hourigan, a New York-based real estate executive, prides himself on keeping a portfolio of assets with modest but predictable returns.

Yet as cryptocurrencies rallied to records last fall, the 38-year-old made an uncharacteristically risky bet.Hourigan invested $20,000 in Bitcoin and Ether in October, hoping to turbocharge his plan to buy an apartment.

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