This video is provided for educational purposes only and is based on the views and opinions of the advisor only. It should not be considered personal investment advice or solicitation to buy or sell any securities. Investments in cryptocurrency should be considered a very risky investments that are speculative in nature and appropriate only for investors who are prepared to have their money invested for a long period of time and have the capacity to absorb a loss of some or all of their investment. Each type of cryptocurrency investment is unique and involves unique risks and investments in cryptocurrency can lead to loss of money over short or even long periods. Past performance is not an indication of future results. Cryptocurrency investors should expect prices to have large range fluctuations.
We have been getting many questions from our clients on Bitcoin.
“What is it? What is all the hype about?”
“Should I add it to my portfolio?”
“Is it risky?”
Check out our video as Jeremy shares his perspective.
Nice to hear you Jeremy & nice to put a face to a name Carissa, hope to see you soon as well Chelsea
Thanks Carol! Glad that you popped by to check it out.
One other important aspect of bitcoin and cryptocurrencies in general is the environmental impact. Because of the significant computational cost, it requires a lot of energy to mine bitcoin and other similar cryptocurrencies. I’ve seen some speculate that the entire environmental benefit we have seen from solar panels has been completely offset by the environmental cost of mining cryptocurrencies. As this becomes more well known, I could see a social backlash against crypto. As climate change continues to take hold, I could imagine that the cost of maintaining the blockchain will increase crypto transaction fees beyond what would be considered reasonable. The long-term viability of cryptocurrencies is, in my mind, not guaranteed.