Host Chris Galeski welcomes Wealth Advisor Mike Rudow back to The Financial Commute for an episode about cryptocurrency.

Having a zero-interest-rate policy since 2009 has created asset bubbles in places like cryptocurrency. Crypto is often considered an “alternative investment,” but Chris and Mike disagree. Alternatives are uncorrelated assets that have true potential and backing, like healthcare royalties linked to FDA-approved drugs and real estate lending. Crypto is more speculative and may not be as resilient, a recent example being FTX, the fourth largest crypto exchange in the world, filing for bankruptcy. 

Mike and Chris encourage investors not to give into the fear of missing out when making investment decisions. Just because an asset might skyrocket one day doesn’t mean it’s the right investment for you. Stay patient and don’t let current events distract you from your own individualized plan.   

Disclosure: Information presented herein is for discussion and illustrative purposes only. The views and opinions expressed by the speakers are as of the date of the recording and are subject to change. These views are not intended as a recommendation to buy or sell any securities, and should not be relied on as financial, tax or legal advice. You should consult with your attorney, finance professional or accountant before implementing any transactions and/or strategies concerning your finances.