Bitcoin (BTC-USD) is recovering after experiencing recent losses following its climb to all-time highs. Maconomics CEO Ross Mac joins Yahoo Finance Live to discuss why he believes bitcoin is a necessary asset in investors' portfolios despite its volatility. Mac emphasizes that bitcoin should "absolutely" be part of an investor's portfolio, describing it as "a more diversified approach" than traditional asset classes. He notes that with bitcoin gaining exposure to institutional investors it may become "a lot less volatile moving forward." Mac calls Bitcoin one of the "greatest technological advancements" of our time, alongside artificial intelligence and the internet. Mac acknowledges that since its inception, bitcoin has fallen 50% a total of eight times, yet each time has recovered and reached new highs. However, he stresses that "it's a long-term hold," and investors venturing into crypto should be comfortable with volatility, although he suggests that the new ETFs should create more stability. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith

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