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| Kiplinger | Sep 14, 2022 | ||
It's also about the number of Americans who own stocks. Even though it's not regulated by a government agency, cryptocurrency is becoming mainstream. However, President Biden recently signed an executive order to address cryptocurrency risks with a whole-of-government approach that could make cryptocurrency even more attractive to investors as well as traditional banks and credit unions. SEE MORE Crypto Has Been Through the Wringer in 2022: What Now? For the near term though, cryptocurrency remains a volatile, speculative asset that will likely continue its gut-wrenching booms and busts. That's not to say that cryptocurrency doesn't belong in a well-diversified portfolio, but I recommend that my clients first educate themselves about cryptocurrency before deciding whether or not to invest. As Warren Buffet said about investing in cryptocurrency: "I get into enough trouble with the things I think I know something about. Why in the world should I take a long or short position in something I don't know about?" Here are some important concepts to get comfortable with. How Cryptocurrency Works: The Basics Say you order a new set of patio furniture online. A credit card company or p | |||
