Andrew Pratt doesn’t expect pushback when he pitches bitcoin to his firm’s investment committee this week. Bitcoin’s 140% surge in the last year has all but erased memories of the crypto crash and scandals. And now that companies like BlackRock are backing bitcoin funds, he sees no harm in adding 1% to some client portfolios.

“The downside, if it were to blow up, is just a percent,” says Pratt, investment manager at Wiser Wealth Management in Marietta, Georgia. “But the upside benefits could be very large.”