Billionaire Barry Sternlicht explains why he owns bitcoin and ether

Barry Sternlicht, CEO, Starwood Capital Group  Scott Mlyn | CNBC

Starwood Capital Chairman Barry Sternlicht said Wednesday that cryptocurrency makes sense as a way to diversify investment portfolios, especially given increased government spending in much of the developed world.

Keep reading this article on Andrew Ross Sorkin - Squawk Box CNBC.

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