Mohamed El-Erian says he bought bitcoin but sold too early – CNBC

“I felt compelled to buy it — I really did,” El-Erian said in an interview with CNBC’s Dan Murphy on Monday.

He subsequently held on to his position until late 2020, when bitcoin regained the $19,000 level.

Bitcoin is now trading well above the $60,000 mark, hitting a new all-time high of more than $68,000 last week.

Still, bitcoin and its smaller competitors — which include ethereum and XRP — are notoriously volatile assets.

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