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Why you should not rush to Bitcoin just yet

A representation of virtual currency bitcoin is seen in front of a stock graph in this illustration taken November 19, 2020. [REUTERS/Dado Ruvic]

When Elon Musk’s Tesla became the biggest name to reveal it had added bitcoin to its coffers last month, many pundits were swift to call a corporate rush towards the booming cryptocurrency.

Yet there’s unlikely to be a concerted crypto charge any time soon, say many finance executives and accountants loath to risk balance sheets and reputations on a highly volatile and unpredictable asset that confounds convention.

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