Bitcoin as magic "Internet Money" is somewhat easy to conceptualize, and therefore, somewhat easy to mock or dismiss. This book makes the case that such a simplistic framework misses much of the underlying potential of Bitcoin, and as such, can leave some financial planners thinking it has no role in a client investment strategy. Besides being a form of money that is native to the Internet, Bitcoin is a protocol. Its price action often behaves like a volatile tech stock, but with a 15 year track record, it is now the best performing asset in recorded history.
With the recent SEC approval of multiple "spot" Bitcoin ETFs, it is apparent that Bitcoin is now going mainstream. These ETFs, managed by the biggest names in finance are bringing in entirely new investors to the crypto space. Can Bitcoin be volatile? Yes. Is there opportunity in that volatility? Yes. So, love Bitcoin or hate it, financial planners must understand it.
