Cryptocurrency: You may have heard the term come up a lot in the past decade in relation to alternative investment types.
You might also have heard a wide range of opinions on its value as an investment. Some hail crypto as the future for all investors, a get-rich-quick scheme that can’t fail; others will caution you that it is little more than a Ponzi scheme, an easy way for you to be parted from your money.
As with anything in life and public discourse, the truth falls somewhere in between. In your Quarterly Wealth Advisory, experienced investor and regular International Living contributor Jeff D. Opdyke likens the growing crypto market to “a revolution in the process of radically changing the world—and particularly the financial landscape.” There is a lot of money to be made in cryptocurrency. But, Jeff cautions, great opportunity mixes with risk. To profit from this revolution, you need to know how to spot the right investments…and just as importantly, the ones that should be ignored.