Cryptocurrency is a term used to describe a variety of digital currencies, with the two best known and largest being Bitcoin and Ethereum. Cryptocurrencies have a market capitalization of over $2 trillion as of mid-April 2021, but they are still a very small part of the investment universe when compared to the global stock market at $95 trillion. As a relatively new investment option, it’s important to consider the potential merits of crypto — as well as potential disadvantages.
In this episode, Jay Pluimer discusses how Flourish Wealth Management views crypto as a potential investment for client portfolios, while analyzing crypto as an investment option compared to traditional investments like stocks, bonds, real estate, or commodities.
Check back next week for more Flourish Insights with Jay Pluimer and don’t forget to check out our insights blog at https://www.flourishinsights.com
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