#AltcoinMarketWatch
Bitcoin
BTCUSD
-0.82%
’s meteoric rise is raising an uncomfortable question: Is there a place for cryptocurrency in your retirement accounts?
Bitcoin, the biggest crypto by market cap, has surged 142% this year. President-elect Donald Trump positioned himself as a crypto-friendly candidate. Since his win, Bitcoin has jumped 48%, topping $103,000, partly on hopes that a new Republican-led government will embrace crypto, possibly even buying it for the U.S. Treasury.
Many advisors and other experts remain cautious, seeing Bitcoin as a speculative asset, not an investment. That said, owning a little Bitcoin probably wouldn’t hurt; just don’t overdo it, and bear in mind its many risks.
Bitcoin
BTCUSD
-0.82%
’s meteoric rise is raising an uncomfortable question: Is there a place for cryptocurrency in your retirement accounts?
Bitcoin, the biggest crypto by market cap, has surged 142% this year. President-elect Donald Trump positioned himself as a crypto-friendly candidate. Since his win, Bitcoin has jumped 48%, topping $103,000, partly on hopes that a new Republican-led government will embrace crypto, possibly even buying it for the U.S. Treasury.
Many advisors and other experts remain cautious, seeing Bitcoin as a speculative asset, not an investment. That said, owning a little Bitcoin probably wouldn’t hurt; just don’t overdo it, and bear in mind its many risks.