Question: Are Cryptocurrencies like Bitcoin a Solid Investment?
Cryptocurrencies like Bitcoin are speculative investments. Any investment that can gain or lose 80% of its value year-over-year is purely speculation.
Our firm DOES NOT get involved with those types of investments!
Keep in mind; Bitcoin is not the only cryptocurrency. There are about 5,000 worldwide currently and once governments like the US develop their own form of cryptocurrency, the value of Bitcoin could drop to zero!
Remember: safe assets don’t jump up 80% in value one year and then lose it the next. If you speculate, you might get lucky in the short-term but if you do it for the long-term, YOU WILL LOSE!
Fee-Only Fiduciary Money Managers, like Rezny Wealth Management, are the only people you should entrust your wealth and retirement to. Call us today to schedule a consultation, (800) 618-8577