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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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THE tortured relationships between two royal families, Jerusalem, Israel and the Jews came to a head this week as Britain's future king (and unless something changes, the future head of the Church of England) toured the city, which is held dear by three monotheistic religions.
His itinerary included the Western Wall, where he stood in prayerful silence, wearing a Jewish head-covering, and the peak known as both the Temple Mount and Haram al-Sharif, which is revered by Jews and Muslims. He also visited the Holy Sepulchre, the tomb of Jesus Christ where six Christian confessions exercise joint stewardship, but a Muslim dynasty holds the keys.
For Prince William, the emotional high point may have been a visit to the tomb of his great-grandmother, Princess Alice of Greece, in an awesomely beautiful Russian Orthodox convent on the Mount of Olives. The princess, who became a Greek Orthodox nun and battled with mental-health problems, is honoured in Israel as a "righteous Gentile" because of the help she gave a Jewish...Continue reading
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