Bitcoin Is Not Money
John Schroder
- Bitcoin
- as
- magic
- "Internet
- Money"
- is
- somewhat
- easy
- to
- conceptualize,
- and
- therefore,
- somewhat
- easy
- to
- mock
- or
- dismiss.
- This
- book
- makes
- the
- case
- that
- such
- a
- simplistic
- framework
- misses
- much
- of
- the
- underlying
- potential
- of
- Bitcoin,
- and
- as
- such,
- can
- leave
- some
- financial
- planners
- thinking
- it
- has
- no
- role
- in
- a
- client
- investment
- strategy.
- Besides
- being
- a
- form
- of
- money
- that
- is
- native
- to
- the
- Internet,
- Bitcoin
- is
- a
- protocol.
- Its
- price
- action
- often
- behaves
- like
- a
- volatile
- tech
- stock,
- but
- with
- a
- 15
- year
- track
- record,
- it
- is
- now
- the
- best
- performing
- asset
- in
- recorded
- history.With
- the
- recent
- SEC
- approval
- of
- multiple
- "spot"
- Bitcoin
- ETFs,
- it
- is
- apparent
- that
- Bitcoin
- is
- now
- going
- mainstream.
- These
- ETFs,
- managed
- by
- the
- biggest
- names
- in
- finance
- are
- bringing
- in
- entirely
- new
- investors
- to
- the
- crypto
- space.
- Can
- Bitcoin
- be
- volatile?
- Yes.
- Is
- there
- opportunity
- in
- that
- volatility?
- Yes.
- So,
- love
- Bitcoin
- or
- hate
- it,
- financial
- planners
- must
- understand it.
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