Wednesday, January 24, 2018

Should retirees invest in Bitcoin? Only if they have lot's of cash


Should retirees consider investing in Bitcoin or digital currencies?

Michelle Singletary has a stinging column in her “The Color of Money” series, where she interviews several financial planners. 

Generally they agree that in a practical sense, bitcoin seems like gambling and that the underlying “value” is hard to grasp. But digital currency has a huge potential in literally eliminating the need for banks.


Retirees should never borrow to invest in bitcoin.

You can buy bitcoin in relatively few locations, given in the article for the DC area.
   
There is a coordinated post on the Issues Blog Jan 23. 

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