There’s been a lot of talk lately about cryptocurrency and the effect it could have on our economy in the future. One question we hear from those who come to us for retirement planning advice is whether to include crypto as part of an overall portfolio strategy. The truth? There are pros and cons to doing this. While there are some advantages, the risks might be enough to discourage even some of the savviest investors. Here’s what you should know before you take the leap and invest heavily in cryptocurrency. The Pros of Cryptocurrency Investment Before we head into the risks associated with investing for retirement using cryptocurrency, let’s look at a few of the pros. Easy to Obtain: The barrier to entry with cryptocurrency is incredibly easy. Just about anyone can add it to their portfolio with very little effort. Lower Fees: Fees to buy cryptocurrency are often super low, which is different from many other investment options out there. Large Gains in Short Term: While...
