Sunday, November 17, 2013
Do bitcoins belong in a retiree's portfolio?
According to the Wall Street Journal’s Marketwatch, it’s possible to put bitcoins into your IRA, with a “Bitcount Investment Trust”, with story link here.
The best advice I find today is that retirees with ample assets (at least a few hundred thousand dollars saved) could well consider putting about 1% of their portfolio into bitcoins, in order to learn the market, and possibly as a future hedge against loss of confidence in the dollar because of US political brinksmanship (the Stansberry theory). US News has a discussion here and there are a lot of conversations about the matter on Reddit.
Remember, when capitalized, "Bitcoin" requires to the system; the units of digital currency are called bitcoins.