There are lots of pundits that rave about Bitcoin as a great investment and a storage of value, versus fiat currency such as the U.S. Dollar.. There are even companies, such as Strategy (MSTR), that buy bitcoin as their primary operation. Financial advisors have started recommending putting a percentage of one's saving into bitcoin.
I guess I'm not convinced. I did buy one share of GBTC, a bitcoin trust, a couple years ago and sold it for profit. Other than that, I have not taken much interest in owning or investing in bitcoin. I don't get how it has any value. So bitcoin is worth nothing, nada, zero to me. I've been called "old school" for that perspective.
Even if I could justify bitcoin having value, it is way too volatile for me to consider as a worthwhile investment for retirement. I prefer currency that has some stability, even if it is the fiat dollar.
This is not financial, bitcoin, investing, nor retirement advice. Please consult a professional advisor.
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