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Stock Market Today: Indexes Up In Strong Week On Trump News; Oracle Dives (Live Coverage) Investor's Business DailyBank stocks rebound Friday as credit fears ease AxiosInvestors Shudder at Signs of Loan Trouble in Banks The New York TimesWall Street has been worried about bad loans for weeks. Now those fears are spreading CNN‘The tide went out': How a string of bad loans has bank investors hunting for hidden risks
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Despite some fresh doubts about credit that banks addressed this week, the U.S. economy seems to be chugging along.
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About 145 million American adults say that they own or have owned cryptocurrency. Statistically, that's more than half of your co-workers, neighbors and friends.
It's also about the number of Americans who own stocks.
Even though it's not regulated by a government agency, cryptocurrency is becoming mainstream. However, President Biden recently signed an executive order to address cryptocurrency risks with a whole-of-government approach that could make cryptocurrency even more attractive to investors as well as traditional banks and credit unions.
SEE MORE Crypto Has Been Through the Wringer in 2022: What Now?
For the near term though, cryptocurrency remains a volatile, speculative asset that will likely continue its gut-wrenching booms and busts. That's not to say that cryptocurrency doesn't belong in a well-diversified portfolio, but I recommend that my clients first educate themselves about cryptocurrency before deciding whether or not to invest.
As Warren Buffet said about investing in cryptocurrency: "I get into enough trouble with the things I think I know something about. Why in the world should I take a long or short position in something I don't know about?"
Here are some important concepts to get comfortable with.
How Cryptocurrency Works: The Basics
Say you order a new set of patio furniture online. A credit card company or p
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