Singapore's Central Provident Fund recommends keeping NFTs as portfolio diversification

Singapore's Statutory Board Central Provident Fund has suggested keeping NFTs as a source of investment portfolio diversification.

What Happened: In a post on Instagram, Central Provident Fund suggested that Singaporeans should keep NFTs as part of their investment portfolio diversification, along with ETFs, stocks, and bonds.

A rise in popularity of digital assets like Bitcoin BTCUSD, Doge coin DOGE USD, andEthereum ETHUSD has been a result of the rise in popularity around the world.

Singapore has emerged as one of the most digital assets friendly countries with no harsh laws and regulations for cryptocurrencies investors and miners.

Price Action: According to the data from Benzinga Pro,Bitcoin was down 2.33% at $28,879. In the last 24 hours, Dogecoin lost 8.31% and 3.90%, while Ethereum and Doge coin lost 8.31% and 3.90% at the time of writing.

See also: Ethereum, Doge coin fall harder than Bitcoin: Cryptocurrency Investors' Pain Shows No Sign Of Easing Even As Stocks Bounce