What is Bitcoin?

Many advisors and especially clients have been asking me about Bitcoin given its meteoric rise in 2017 and asking whether they should “buy-in”.    

I was going to do a phone call on it, however after much research I realized I still don’t fully understand how bitcoin works and how it can fit into mainstream society!  Therefore, I figured it is better to share an article by investment manager Vitaliy Katsenelson as I believe he does a nice job  describing it as well as expressing my opinion on bitcoin.

I realize I am NOT cool and may not get the transformational aspects of bitcoin but as of right now, it is simply a bubble.  Rather than invest in bitcoin, I told a client to go to Vegas, gamble a bit, eat great food, see some shows and have a great time.