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Could you elaborate on the feasibility of constructing a retirement fund primarily through investments in cryptocurrency? Given the volatile nature of the market, how would one approach such a strategy with caution? What are the key considerations one should take into account, such as risk tolerance, portfolio diversification, and long-term planning? Furthermore, what are the potential benefits and drawbacks of this approach compared to traditional retirement investment vehicles? And how can one mitigate the risks associated with investing in cryptocurrencies for retirement purposes?
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