Bitcoin just like many other traditional investments - isn’t risky, it’s just volatile. In a world where bitcoin hits zero, which is what it means if it’s risky, traditional share portfolios hit zero too. Think about it: it doesn’t matter how valuable an investment is, if the dollars denominating it could self-destruct.

The more volatility, the higher the long-term returns. If that’s true for tech-stocks, it’s true for bitcoin.  In the world exactly like what’s being served up today, everyday investors can now diversify into something not denominated in the same currency as their other investments.

If holding bitcoin really was about making more traditional money one day, I wouldn’t be a fan of it. My mainstream investments are for mainstream returns.

You should consider bitcoin if you believe there’s a possibility traditional stores of value may not endure for your investing timeframe.

Scott McLiver is a partner within the private business team at PwC and has a strong interest in blockchain technology as well as digital assets.

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