Video FAQ: Should I Own Bitcoin in My Retirement Accounts

This video FAQ discusses the potential reasons that you may want to include Bitcoin in your retirement accounts, and why you may not.

I recently got a question from one of my retirees about owning Bitcoin in their retirement account. The question brings up two things. 

First, for those who have extra funds and are looking for speculative investments, there is a case to be made for Bitcoin. 

The second consideration is really around the devaluing of the US dollar and of currency overall. As all the central banks print money they're devaluing their currency and that has a lot of people in retirement scared. One of the things that we do to own a store of value is to buy things that are in limited supply. Gold has traditionally been the standard for a limited supply of currency. Bitcoin is trying to be the digital version of gold — it’s a limited supply and a store of value, and you can track every person that's owned it that specific coin. 

So, if we're afraid of the devaluing of the US dollar, and we want to own something that's a store of value, we want to make sure that it's still a store of value throughout your lifetime. If you are in your 60s, consider the next 30 to 40 years and what will be the gold standard for store value? For many, gold is what they know, so that will be and will be what they use as a store of value. Others, especially younger generations, may be more familiar with digital currency, and that may be more valuable during their lifetime.