Let’s Talk About Cryptocurrency: Part One

In recent weeks, Bitcoin has taken over the headlines in the financial media with many investors flocking to the original, best-known type of cryptocurrency. However, it is important to understand cryptocurrencies and the risks that come with them when considering the potential role they can play in your investment portfolio.

In the first part of our video series on cryptocurrencies and Bitcoin, Omnia Family Wealth Co-Founder and Chief Operating Officer Michael Wagner sat down for a very simple explainer that answers some of the questions we are hearing most frequently from our clients.

Specifically, Wagner explains:

  • The definition and key elements of currencies
  • The aspects that make cryptocurrencies “crypto”
  • How cryptocurrencies have evolved to become an investment option
  • Bitcoin’s potential for volatility

During the video, Wagner emphasizes caution and the importance of truly thinking about the role Bitcoin and other cryptocurrencies can play in your portfolio and to size those factors accordingly. Upon doing so, you may begin to view Bitcoin as a digital collectible rather than a currency surrogate.

Stay tuned for the second part of our cryptocurrency video series to learn more about Bitcoin and its volatility. As always, please do not hesitate to contact us with any questions. We are available via email or phone at (305) 602-9080.

Receive for Insights

This field is for validation purposes and should be left unchanged.

RELATED ARTICLES

Consider the Source: How to Construct Your Portfolio

Consider the Source: How to Construct Your Portfolio

Read More
The Do’s and Don’ts of Real Estate Investing: Part 2

The Do’s and Don’ts of Real Estate Investing: Part 2

Read More
The Do’s and Don’ts of Real Estate Investing: Part 1

The Do’s and Don’ts of Real Estate Investing: Part 1

Read More
Consider the Source: 3 Aspects of Private Assets Every Investor Should Know

Consider the Source: 3 Aspects of Private Assets Every Investor Should Know

Read More
Consider the Source: How to Check for Greenwashed Investments

Consider the Source: How to Check for Greenwashed Investments

Read More
Impact Investing Part 2: Venture Investing and the Future of the Impact Space

Impact Investing Part 2: Venture Investing and the Future of the Impact Space

Read More
Impact Investing Part 1: What Is Impact Investing and Why Should Investors Care?

Impact Investing Part 1: What Is Impact Investing and Why Should Investors Care?

Read More
Consider the Source – Philanthropy to Investing: Where Does Impact Fall?

Consider the Source – Philanthropy to Investing: Where Does Impact Fall?

Read More
Consider the Source: Commodities

Consider the Source: Commodities

Read More
©2022 Omnia Family Wealth, All Rights Reserved.