Everybody is doing it, celebrities are promoting it, and people are becoming millionaires overnight because of it, but should you be investing in cryptocurrency? While the technology of cryptocurrency is promising, it is very volatile, high risk, and hard to put a value on. Join Derek and Trent in this week's episode, where they discuss their skepticism around cryptocurrency, the recent crash, environmental impacts, and strategies they use when adding Bitcoin exposure to client portfolios. Some of the stories they share will make your hair stand on end, so if you want to invest in cryptocurrency, this episode will provide you with the knowledge you need to avoid the crash-and-burn that it is too often accompanied by!

Key Points From This Episode:

• Why Trent has chosen not to buy cryptocurrency.
• The concerning correlation between Bitcoin and stocks.
• Volatility as a characteristic of cryptocurrency.
• Exploring the hypothesis of cryptocurrency being a hedge against inflation.
• Options that we provide to clients who want to invest in cryptocurrency.
• The advantages of Exchange Traded Funds over holding cryptocurrency.
• Stories that highlight what can go wrong with cryptocurrency investments.
• Why we recommend being skeptical of any "next big thing."
• Environmental issues with cryptocurrency.
• How Bitcoin mining is hindering law enforcement.
• The problem with celebrity endorsements of cryptocurrency.
• Impacts of the recent cryptocurrency crash.
• The benefits of diversification.

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