By Jack Tatar via Iris.xyz
It seems like everywhere you go these days, people are talking about bitcoin and cryptoassets.
If you’ve tried to discuss bitcoin and cryptoassets with your financial advisor, you’ve probably been dismissed with comments about Ponzi schemes, tulips, and fraud. Aside from the disruptive nature of these assets to the current financial status quo, many of these dismissals are due to Wall Street’s inability to recognize the depth of work and talent involved with these assets and the companies working on them, concerns about compliance and regulation, and the reality that investment firms haven’t yet figured out how to make money from these assets.
This is unfortunate for investors who, along with missing out on potentially huge investment returns, are missing out on an asset that can effectively be incorporated into their portfolio.
In 2013, I was a financial journalist writing about retirement who became very interested in the concept of bitcoin (I wrote one of the first books on the topic, What’s the Deal with Bitcoins in 2014). After learning about the concepts of the blockchain, distributed ledger, and the potential for digital currencies to help many people across the globe who are unbanked or must pay high costs for sending money home, my interest focused on the potential for bitcoin to be included into an investor’s portfolio.
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