Looking for a place to stash your retirement savings? You might want to look into the world of cryptocurrency.
Long the domain of hardcore libertarians and, let’s face it, the criminal underworld, cryptocurrency is starting to mature in no small part due to the interest of Wall Street fund managers who see it as the next big thing.
Don’t be surprised if you hear about friends of yours sticking their retirement dollars in cryptocurrency in 2018. Be even less surprised when a cryptocurrency exchange-traded fund or index fund appears on the New York Stock Exchange.
One thing is certain. We’re past the point where Bitcoin is a niche interest. The financial news pages have been littered with stories about Bitcoin this year — where it’s been and where it’s going.
While there’s certainly been some volatility in the market, many signs point toward Bitcoin being a solid bull, hence the interest in creating exchange-traded funds and other instruments suitable for retirement investment.
Bitcoin, of course, is not the only game in town with Ethereum, Monero and others grabbing headlines as well. Here’s why you should be bullish on Bitcoin, Monero and other cryptocurrencies.