These principles don’t apply when looking at crypto for various reasons, and therefore it isn't easy to compare,” says Adam Henry, investment associate and resident crypto expert for Harbourfront Wealth Management in Winnipeg. For example, when building a portfolio of stocks, you’d be looking at factors such as price, profitability, and market cap. “When we look at traditional assets, we’re looking at long-term trends to produce alpha. With the advent of crypto exchange-traded funds (ETFs), retail wealth managers are trying to make sense of crypto in client portfolios. “As an asset with no cashflows, it has no intrinsic value.” “I don’t think crypto has any role in a retirement portfolio,” says Dan Kemp, global chief investment officer for Morningstar Investment Management. Plus, it came up most often in responses. ![]() I don’t like to lump them together, but we’ll focus on Bitcoin because of its key attributes commonly held by alt-coins. In referring to “crypto”, we’ll speak of the coins themselves. Why? The short answer is, that for all of the changes, cash flow problems and volatility seem to persist. The changes are exciting, fascinating, and a bit funny, but its evolution does not necessarily mean you should rely on crypto for retirement. This reminds me how much crypto has changed. It was then that we began to see the transfer of volatile and high-risk activity to the masses, and the value proposition started to get murkier again. Other suburban mining projects managed to survive by continuously upgrading their equipment, at least until the price action and giant leg up on the mania began in 2017. The business became volatile and high risk. The rig became a fire hazard (so to speak), my friend had some explaining to do with his landlord on the bills, and our margins were shrinking every day. In the end, however, our mining was short-lived.
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