Brett Danko - Resources for Certified Financial Plannes


 

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.