With the cryptocurrency trading near all-time highs, do investment professionals see broader implications? And what does this mean to your retirement investments?
“The interest in Bitcoin and other alternative assets are a clear indicator that tectonic movements in the overall economy are occurring beneath our feet,” says Chris Kline, COO and Co-founder of Bitcoin IRA in Sherman Oaks, California. “El Salvador just recognized Bitcoin as its reserve currency and more institutions are adopting digital assets. We are seeing a shift in real time. Today’s investors are not settling for cookie cutter retirement plans.
“There are trillions of dollars saved away in retirement accounts, unlocking this market place would be a wave of new investors into Bitcoin,” says Chris Gure, a financial consultant in Raleigh, North Carolina.“The increasing interest indicates that institutions and fiduciaries are hearing from their clients that they would like to be able to get exposure to these newly investable assets,” says Jahon Jamali, Co-Founder and Chief Marketing Officer at Sarson Funds in Sherman Oaks, California.
“The interest in investing in Bitcoin signals a diversification move regarding the overall markets,” says Daniel Strachman, Managing Partner at A&C Advisors in Coral Springs, Florida. “People are searching for returns and while the equity markets have been running for a number of years, there is an expectation that the run can’t last forever. Exposing a portion of their portfolios to this asset allows for diversification addresses this.
Are they waking up, or are they merely going through an anxiety-producing “swinging for the fences” phase?
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