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For those building retirement portfolios and seeking new assets, cryptocurrency might be worth considering. Bitcoin (BTC-USD) IRA COO and co-founder Chris Kline joins Wealth to explain the potential benefits of crypto investments.
Kline highlights three key factors attracting investors to cryptocurrency. First, he emphasizes asymmetry, noting that crypto can serve as a potential "hedge against other problems in the marketplace."
Second, he elaborates on crypto's role as an inflation hedge, explaining that "it comes down to scarcity," as bitcoin has a fixed supply of 21 million coins.
Finally, he addresses market volatility, advising investors to "expect more volatility" as crypto reaches new heights while emphasizing its long-term potential for retirement strategies, noting "it's part of the process."
"You don't want to be left behind when it comes to the cryptocurrency or bitcoin revolution that's taking place," Kline tells Yahoo Finance.
To watch more expert insights and analysis on the latest market action, check out more Wealth here.
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This post was written by Angel Smith