🕷️ Crawler Inspector

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1. Shard Calculation

Query:

Response:

Calculated Shard: 51 (from laksa063)

2. Crawled Status Check

Query:

curl -X POST \
  'http://laksa051.int.ahrefs:8124/' \
  -H 'Content-Type: text/plain' \
  -H 'X-ClickHouse-Database: crawler3' \
  -H 'Authorization: Basic YXBpOg==' \
  -d 'SELECT getAhrefsURLFromUnparsed(src_unparsed) AS found_url, ifNull(toUnixTimestamp(download_stamp), 0) AS crawl_time, ifNull(toUnixTimestamp(props_url_first_seen), 0) AS first_indexed_time, download_http_code AS http_code, src_unparsed AS src_unparsed, src_root_hash AS src_root_hash, history_drop_reason AS history_drop_reason, meta_title AS meta_title, meta_descriptions AS meta_descriptions, attrs_boilerpipe_text AS attrs_boilerpipe_text, attrs_markdown AS attrs_markdown, attrs_readable_markdown AS attrs_readable_markdown, meta_canonical AS meta_canonical FROM crawler3.page_info_local FINAL PREWHERE (src_root_hash, src_unparsed) IN ((getAhrefsRootHashFromUnparsed(getAhrefsUnparsedNoserviceFromURL(\'https://www.cnn.com/2024/11/19/business/bitcoin-should-you-invest\')), getAhrefsUnparsedNoserviceFromURL(\'https://www.cnn.com/2024/11/19/business/bitcoin-should-you-invest\'))) FORMAT JSONEachRow'

Response:

{"found_url":"https:\/\/www.cnn.com\/2024\/11\/19\/business\/bitcoin-should-you-invest","crawl_time":1776076010,"first_indexed_time":1739925668,"http_code":200,"src_unparsed":"com,cnn!www,\/2024\/11\/19\/business\/bitcoin-should-you-invest s443","src_root_hash":"2312100192101524051","history_drop_reason":null,"meta_title":"Bitcoin has smashed records. Should you invest? | CNN Business","meta_descriptions":["In the first quarter of this year, the price of bitcoin broke records in the wake of approval by the Securities and Exchange Commission for the first exchange-traded spot bitcoin funds. The cryptocurrency topped $70,000 in March, according to coinmarketcap.com."],"attrs_boilerpipe_text":"CNN\n — \nIn the first quarter of this year, the price of bitcoin\nbroke records\nin the wake of approval by the\nSecurities and Exchange Commission\nfor the first exchange-traded spot bitcoin funds. The cryptocurrency topped $70,000 in March, according to coinmarketcap.com.\nThen, with\ncrypto advocates buoyed\nby Donald Trump’s win in the US presidential election this month, the price of bitcoin hit a\nrecord $80,000\nless than two weeks ago.\nAnd as of Monday this week, it was trading north of $90,000.\nAd Feedback\nAd Feedback\nBitcoin evangelists are confident it will keep climbing as they anticipate a friendlier regulatory environment under the new administration. Many think bitcoin is a great tool to build generational wealth. And some are even advocating for the US to create a strategic bitcoin reserve, which MicroStrategy executive chairman Michael Saylor\ntold CNBC\nis a way for the US to “buy the future.”\nIn the first decade after bitcoin’s creation in 2009, the financial planning world was reluctant to consider crypto assets as a serious option for most individual investors. But in the past few years, education about crypto assets has been made more available to professionals. For example, the Financial Planning Association now offers three continuing education courses on crypto, according to FPA president-elect Paul Brahim.\nSo it’s easy to wonder if maybe it’s time to consider investing in bitcoin. We reached out to some financial advisers to see what guidance they offer clients interested in doing so for the first time.\nBitcoin is the oldest and best known of all crypto coins. Its creator — the ever-anonymous Satoshi Nakamoto — set things up so that there can never be more than 21 million bitcoins in existence.\nUnlike other assets that are valued based on tangible components — for example, a company’s goods and services or a natural resource — bitcoin is considered a store of value, the price of which depends strictly on what others are willing to pay for it.\nIts pricing is highly volatile — and therefore highly risky. For all its nosebleed ascents, bitcoin also has had some gut-punching plunges. Between November 2021 and November 2022, for example, the price of bitcoin dropped 75%, from $64,455 to $16,196, according to data on coinmarketcap.com.\nWhile it’s called a currency — and in some instances can be used like money — bitcoin is not legal tender in the United States or most other countries. And it is a much more complicated transaction for the individual who uses it to buy and sell things, especially when it comes to\nreporting the transactions\non their taxes.\nWhen asked what role bitcoin might play in a person’s overall financial investment and savings portfolio — which you might use to buy a house, start a family, pay for college or save for retirement — one strong area of consensus among planners is to not invest any money in bitcoin for anything you must do in the next five years.\n“Due to its volatility, I would definitely avoid using bitcoin for short-term savings goals. And for the same reason, I would recommend only allocating a very small percentage of my long-term investment strategy to it,” said Trent Porter, a certified financial planner and certified public accountant at Priority Financial Partners. He advises his clients who insist on exposure to limit their portfolio allocation to bitcoin to no more than 5%.\nCFP Mike Turi, a founding partner of Upbeat Wealth who is also an accredited portfolio management adviser, is more conservative. He doesn’t recommend clients allocate more than 3% to bitcoin, if they allocate any at all.\n“I would not recommend using bitcoin as the main strategy to achieve your financial goals. If it’s extra investable money that can help you get there faster? Sure. However, don’t miss out on valuable opportunities by overexposing yourself to an asset that you might not fully understand,” Turi said.\nFrom Pulse Financial Planning CFP Matt Elliott’s perspective, tax-advantaged 529 plans will always be the better option for college because they can be diversified and carry less risk. “It is one thing to bet your money on crypto, but another to bet a child’s college savings on it,” he said.\nElliott, however, can see a small role for bitcoin in a long-term retirement portfolio. He recommends his clients use a “core and explore” strategy. “Ninety-five percent of your assets should be in a core, well-diversified portfolio that is designed with your timeframe and risk tolerance in mind. The other 5% can be used for more speculative investments (such as crypto) if you have little debt and are willing to accept the risk of losing what you put in,” he said.\nWhether bitcoin make sense for you depends as much on your circumstances and preferences as it does on the facts of the asset itself.\n“Before you invest in bitcoin for any reason, ask yourself if it were to drop 50% or more, would you be left in a pinch? If the answer is yes, you should reconsider,” said Porter, who notes that even if regulatory risk does go down for crypto assets during the Trump administration “by no means has the overall risk changed significantly.”\nTuri suggests getting real with what you’ll be able to live with. “I still see bitcoin more as a gamble than a reliable investment. Is it a risk you can afford to take? Consult your future self. What will happen if it doesn’t work out?” he said.\nIf you do invest, set some ground rules for yourself from the jump. “The most challenging aspect of the bitcoin craze is that more retail investors are entering the market at its peak when euphoria is highest,” Turi said. “On the flip side, they’ve never really established an exit strategy. …Investors need to set their exit price to avoid being driven by emotion.”\nIf you decide you do want to put some money into bitcoin, you can buy it directly and store it either in your own virtual wallet or on a digital asset platform like Coinbase. But both options can get complicated and carry risks. [\nHere\nis a long list of storage options and their pros and cons.]\nOr you can get access to it more simply and safely by buying into one of the new SEC-regulated spot bitcoin ETFs. Investors have poured nearly $28 billion on net into these ETFs, and their combined net asset value was approaching $96 billion as of Friday, according to data from Morningstar Direct.\nUsing a bitcoin ETF for exposure is the easiest option for most individuals who are not dedicated crypto investing experts.\n“Due to risks such as cybersecurity threats and the possibility of losing private keys, holding bitcoin through an SEC-regulated ETF is by far the safest option,” Porter said.","attrs_markdown":"Thank You\\!\n\nYour effort and contribution in providing this feedback is much appreciated.\n\nClose\n\nAd Feedback\n\n[Business](https:\/\/www.cnn.com\/business)\n\n[Markets](https:\/\/www.cnn.com\/markets)\n\n[Tech](https:\/\/www.cnn.com\/business\/tech)\n\n[Media](https:\/\/www.cnn.com\/business\/media)\n\n[Calculators](https:\/\/www.cnn.com\/business\/financial-calculators)\n\n[Videos](https:\/\/www.cnn.com\/business\/videos)\n\n[More]()\n\n[Markets](https:\/\/www.cnn.com\/markets)   [Tech](https:\/\/www.cnn.com\/business\/tech)   [Media](https:\/\/www.cnn.com\/business\/media)   [Calculators](https:\/\/www.cnn.com\/business\/financial-calculators)   [Videos](https:\/\/www.cnn.com\/business\/videos)\n\n[Watch](https:\/\/www.cnn.com\/subscription\/all-access)   [Listen](https:\/\/www.cnn.com\/audio)\n\nSubscribe\n\nSign in\n\nMy Account\n\n- [Settings](https:\/\/www.cnn.com\/account\/settings)\n- [Newsletters](https:\/\/www.cnn.com\/newsletters)\n- [Topics you follow](https:\/\/www.cnn.com\/follow?iid=fw_var-nav)\n- [Sign out](https:\/\/www.cnn.com\/2024\/11\/19\/business\/bitcoin-should-you-invest)\n\nYour CNN account Sign in to your CNN account\n***\nSign in\n\nMy Account\n\n- [Settings](https:\/\/www.cnn.com\/account\/settings)\n- [Newsletters](https:\/\/www.cnn.com\/newsletters)\n- [Topics you follow](https:\/\/www.cnn.com\/follow?iid=fw_var-nav)\n- [Sign out](https:\/\/www.cnn.com\/2024\/11\/19\/business\/bitcoin-should-you-invest)\n\nYour CNN account Sign in to your CNN account\n***\n[Listen](https:\/\/www.cnn.com\/audio)   [Watch](https:\/\/www.cnn.com\/subscription\/all-access)\n***\nEdition\n\n[US](https:\/\/us.cnn.com\/?hpt=header_edition-picker)\n\n[International](https:\/\/edition.cnn.com\/?hpt=header_edition-picker)\n\n[Arabic](https:\/\/arabic.cnn.com\/?hpt=header_edition-picker)\n\n[Español](https:\/\/cnnespanol.cnn.com\/?hpt=header_edition-picker)\n\nEdition\n\n- [US](https:\/\/us.cnn.com\/?hpt=header_edition-picker)\n- [International](https:\/\/edition.cnn.com\/?hpt=header_edition-picker)\n- [Arabic](https:\/\/arabic.cnn.com\/?hpt=header_edition-picker)\n- [Español](https:\/\/cnnespanol.cnn.com\/?hpt=header_edition-picker)\n***\n[Markets](https:\/\/www.cnn.com\/markets)\n\n[Tech](https:\/\/www.cnn.com\/business\/tech)\n\n[Media](https:\/\/www.cnn.com\/business\/media)\n\n[Calculators](https:\/\/www.cnn.com\/business\/financial-calculators)\n\n[Videos](https:\/\/www.cnn.com\/business\/videos)\n***\nFollow CNN\n\nDownload the CNN App\n***\n\n- [US](https:\/\/www.cnn.com\/us)\n  - 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Class A\n\n128\\.06\n\n\\- 2.43\n\n1\\.86%\n\n[INTC](https:\/\/www.cnn.com\/markets\/stocks\/INTC)\n\nIntel Corporation\n\n62\\.38\n\n\\+ 0.66\n\n1\\.07%\n\nFear & Greed Index\n\n38\n\n[fear is driving the US market](https:\/\/www.cnn.com\/markets\/fear-and-greed?utm_source=business_ribbon)\n\nLatest Market News\n\n- [Senate housing bill that takes aim at institutional investors may do little for homebuyers — and could even hurt renters](https:\/\/www.cnn.com\/2026\/04\/13\/business\/housing-institutional-investors?utm_source=business_ribbon)\n- [Oil prices jump on US plans to blockade Iranian ports in Strait of Hormuz](https:\/\/www.cnn.com\/2026\/04\/13\/business\/oil-prices-us-blockade-hormuz-intl?utm_source=business_ribbon)\n- [Trump is using his tariff playbook against Iran. It’s not working](https:\/\/www.cnn.com\/2026\/04\/13\/business\/strait-of-hormuz-blockade-trump-iran-tariffs?utm_source=business_ribbon)\n\nHot Stocks\n\n38\n\n[fear is driving the US market](https:\/\/www.cnn.com\/markets\/fear-and-greed?utm_source=business_ribbon)\n\nSomething isn't loading properly. Please check back later.\n\nAd Feedback\n\n# Bitcoin has smashed records. Should you invest?\n[![Jeanne Sahadi](https:\/\/www.cnn.com\/media\/sites\/cnn\/cnn-fallback-image.jpg)](https:\/\/www.cnn.com\/profiles\/jeanne-sahadi)\n\nBy [Jeanne Sahadi](https:\/\/www.cnn.com\/profiles\/jeanne-sahadi), CNN\n\n5 min read\n\nPublished 6:00 AM EST, Tue November 19, 2024\n\nLink Copied\\!\n\nFollow:\n\nCrypto\n\n[See your latest updates](https:\/\/www.cnn.com\/follow?iid=follow_see_all_article&source=acq_web_experiments_follow_card-social-bar-all)\n\n![It’s easy to wonder if maybe it’s time to consider investing in bitcoin. But the answer isn’t an easy yes or no.](https:\/\/media.cnn.com\/api\/v1\/images\/stellar\/prod\/20241118-should-you-buy-bitcoin-gfx-final.jpg?c=16x9&q=h_833,w_1480,c_fill)\n\nIt’s easy to wonder if maybe it’s time to consider investing in bitcoin. But the answer isn’t an easy yes or no.\n\nPhoto Illustration by Jason Lancaster\/CNN\/Getty Images\n\nCNN\n\n—\n\nIn the first quarter of this year, the price of bitcoin [broke records](https:\/\/www.cnn.com\/2024\/03\/04\/business\/bitcoin-record-high) in the wake of approval by the [Securities and Exchange Commission](https:\/\/www.cnn.com\/2024\/01\/10\/markets\/bitcoin-etf-sec\/index.html) for the first exchange-traded spot bitcoin funds. The cryptocurrency topped \\$70,000 in March, according to coinmarketcap.com.\n\nThen, with [crypto advocates buoyed](https:\/\/www.cnn.com\/2024\/11\/17\/politics\/crypto-industry-donald-trump-reelection\/index.html) by Donald Trump’s win in the US presidential election this month, the price of bitcoin hit a [record \\$80,000](https:\/\/us.cnn.com\/2024\/11\/10\/investing\/bitcoin-record-trump\/index.html) less than two weeks ago.\n\nAnd as of Monday this week, it was trading north of \\$90,000.\n\nAd Feedback\n\nAd Feedback\n\n[![20241115-trump-crypto-GFX.jpg](https:\/\/www.cnn.com\/media\/sites\/cnn\/cnn-fallback-image.jpg) Illustration: Ian Berry\/CNN\/Getty Images Related article The crypto industry plowed tens of millions into the election. Now, it’s looking for a return on that investment](https:\/\/www.cnn.com\/2024\/11\/17\/politics\/crypto-industry-donald-trump-reelection)\n\nBitcoin evangelists are confident it will keep climbing as they anticipate a friendlier regulatory environment under the new administration. Many think bitcoin is a great tool to build generational wealth. And some are even advocating for the US to create a strategic bitcoin reserve, which MicroStrategy executive chairman Michael Saylor [told CNBC](https:\/\/www.cnbc.com\/video\/2024\/11\/14\/were-going-to-see-a-lot-more-pro-bitcoin-policies-says-microstrategys-michael-saylor.html) is a way for the US to “buy the future.”\n\nIn the first decade after bitcoin’s creation in 2009, the financial planning world was reluctant to consider crypto assets as a serious option for most individual investors. But in the past few years, education about crypto assets has been made more available to professionals. For example, the Financial Planning Association now offers three continuing education courses on crypto, according to FPA president-elect Paul Brahim.\n\nSo it’s easy to wonder if maybe it’s time to consider investing in bitcoin. We reached out to some financial advisers to see what guidance they offer clients interested in doing so for the first time.\n\n## What you’d be investing in\nBitcoin is the oldest and best known of all crypto coins. Its creator — the ever-anonymous Satoshi Nakamoto — set things up so that there can never be more than 21 million bitcoins in existence.\n\nUnlike other assets that are valued based on tangible components — for example, a company’s goods and services or a natural resource — bitcoin is considered a store of value, the price of which depends strictly on what others are willing to pay for it.\n\nIts pricing is highly volatile — and therefore highly risky. For all its nosebleed ascents, bitcoin also has had some gut-punching plunges. Between November 2021 and November 2022, for example, the price of bitcoin dropped 75%, from \\$64,455 to \\$16,196, according to data on coinmarketcap.com.\n\nWhile it’s called a currency — and in some instances can be used like money — bitcoin is not legal tender in the United States or most other countries. And it is a much more complicated transaction for the individual who uses it to buy and sell things, especially when it comes to [reporting the transactions](https:\/\/www.cnn.com\/2024\/04\/08\/success\/taxes-crypto-digital-assets-bitcoin\/index.html) on their taxes.\n\n## Its role in your portfolio\nWhen asked what role bitcoin might play in a person’s overall financial investment and savings portfolio — which you might use to buy a house, start a family, pay for college or save for retirement — one strong area of consensus among planners is to not invest any money in bitcoin for anything you must do in the next five years.\n\n[![A representation of the Bitcoin cryptocurrency is being displayed in Brussels, Belgium, on December 6, 2023.](https:\/\/www.cnn.com\/media\/sites\/cnn\/cnn-fallback-image.jpg) A representation of the Bitcoin cryptocurrency is being displayed in Brussels, Belgium, on December 6, 2023. Jonathan Raa\/NurPhoto\/Getty Images Related article SEC gives bitcoin ETFs the green light](https:\/\/www.cnn.com\/2024\/01\/10\/markets\/bitcoin-etf-sec)\n\n“Due to its volatility, I would definitely avoid using bitcoin for short-term savings goals. And for the same reason, I would recommend only allocating a very small percentage of my long-term investment strategy to it,” said Trent Porter, a certified financial planner and certified public accountant at Priority Financial Partners. He advises his clients who insist on exposure to limit their portfolio allocation to bitcoin to no more than 5%.\n\nCFP Mike Turi, a founding partner of Upbeat Wealth who is also an accredited portfolio management adviser, is more conservative. He doesn’t recommend clients allocate more than 3% to bitcoin, if they allocate any at all.\n\n“I would not recommend using bitcoin as the main strategy to achieve your financial goals. If it’s extra investable money that can help you get there faster? Sure. However, don’t miss out on valuable opportunities by overexposing yourself to an asset that you might not fully understand,” Turi said.\n\nFrom Pulse Financial Planning CFP Matt Elliott’s perspective, tax-advantaged 529 plans will always be the better option for college because they can be diversified and carry less risk. “It is one thing to bet your money on crypto, but another to bet a child’s college savings on it,” he said.\n\nElliott, however, can see a small role for bitcoin in a long-term retirement portfolio. He recommends his clients use a “core and explore” strategy. “Ninety-five percent of your assets should be in a core, well-diversified portfolio that is designed with your timeframe and risk tolerance in mind. The other 5% can be used for more speculative investments (such as crypto) if you have little debt and are willing to accept the risk of losing what you put in,” he said.\n\n## Questions to ask yourself before buying bitcoin\nWhether bitcoin make sense for you depends as much on your circumstances and preferences as it does on the facts of the asset itself.\n\n“Before you invest in bitcoin for any reason, ask yourself if it were to drop 50% or more, would you be left in a pinch? If the answer is yes, you should reconsider,” said Porter, who notes that even if regulatory risk does go down for crypto assets during the Trump administration “by no means has the overall risk changed significantly.”\n\nTuri suggests getting real with what you’ll be able to live with. “I still see bitcoin more as a gamble than a reliable investment. Is it a risk you can afford to take? Consult your future self. What will happen if it doesn’t work out?” he said.\n\nIf you do invest, set some ground rules for yourself from the jump. “The most challenging aspect of the bitcoin craze is that more retail investors are entering the market at its peak when euphoria is highest,” Turi said. “On the flip side, they’ve never really established an exit strategy. …Investors need to set their exit price to avoid being driven by emotion.”\n\n## Low-risk way to invest in a high-risk asset\nIf you decide you do want to put some money into bitcoin, you can buy it directly and store it either in your own virtual wallet or on a digital asset platform like Coinbase. But both options can get complicated and carry risks. \\[[Here](https:\/\/www.investopedia.com\/how-to-store-cryptocurrency-7500942#:~:text=You%20can%20store%20cryptocurrency%20online,to%20keep%20your%20crypto%20offline.) is a long list of storage options and their pros and cons.\\]\n\nOr you can get access to it more simply and safely by buying into one of the new SEC-regulated spot bitcoin ETFs. Investors have poured nearly \\$28 billion on net into these ETFs, and their combined net asset value was approaching \\$96 billion as of Friday, according to data from Morningstar Direct.\n\nUsing a bitcoin ETF for exposure is the easiest option for most individuals who are not dedicated crypto investing experts.\n\n“Due to risks such as cybersecurity threats and the possibility of losing private keys, holding bitcoin through an SEC-regulated ETF is by far the safest option,” Porter said.\n\nRelated\n\n[![]()]()\n\nAd Feedback\n\n### CNN Business Videos\n- [![SNL\\_Artemis2.jpg](https:\/\/www.cnn.com\/media\/sites\/cnn\/cnn-fallback-image.jpg) NBC](https:\/\/www.cnn.com\/2026\/04\/12\/business\/video\/snl-artemis-trump-phone-call-colman-domingo-digvid)\n  [Video ‘SNL’ spoofs Artemis II mission, Melania Trump 1:05 Apr 12, 2026](https:\/\/www.cnn.com\/2026\/04\/12\/business\/video\/snl-artemis-trump-phone-call-colman-domingo-digvid)\n- [![Egan\\_April10.jpg](https:\/\/www.cnn.com\/media\/sites\/cnn\/cnn-fallback-image.jpg) CNN](https:\/\/www.cnn.com\/2026\/04\/10\/business\/video\/berman-egan-march-cpi-report-cnc)\n  [Video US inflation rises to the highest level in nearly two years 2:20 Apr 10, 2026](https:\/\/www.cnn.com\/2026\/04\/10\/business\/video\/berman-egan-march-cpi-report-cnc)\n- [![linkedin.jpg](https:\/\/www.cnn.com\/media\/sites\/cnn\/cnn-fallback-image.jpg) CNN](https:\/\/www.cnn.com\/2026\/04\/09\/business\/video\/linkedin-roslansky-raman-ai-book-cnc-digvid)\n  [Video LinkedIn executives pen new book on how to better adjust to the age of AI 7:30 Apr 9, 2026](https:\/\/www.cnn.com\/2026\/04\/09\/business\/video\/linkedin-roslansky-raman-ai-book-cnc-digvid)\n- [![Egan\\_April9.jpg](https:\/\/www.cnn.com\/media\/sites\/cnn\/cnn-fallback-image.jpg) CNN](https:\/\/www.cnn.com\/2026\/04\/09\/business\/video\/bolduan-egan-gas-prices-iran-ceasefire-cnc)\n  [Video The cost of oil rises once again 3:15 Apr 9, 2026](https:\/\/www.cnn.com\/2026\/04\/09\/business\/video\/bolduan-egan-gas-prices-iran-ceasefire-cnc)\n\nAd Feedback\n\nAd Feedback\n\nSubscribe\n\nSign in\n\nMy Account\n\n- [Settings](https:\/\/www.cnn.com\/account\/settings)\n- [Newsletters](https:\/\/www.cnn.com\/newsletters)\n- [Topics you follow](https:\/\/www.cnn.com\/follow?iid=fw_var-nav)\n- [Sign out](https:\/\/www.cnn.com\/2024\/11\/19\/business\/bitcoin-should-you-invest)\n\nYour CNN account Sign in to your CNN account\n***\n[Listen](https:\/\/www.cnn.com\/audio)   [Watch](https:\/\/www.cnn.com\/watch)\n***\n- [US](https:\/\/www.cnn.com\/us)\n  - 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All Rights Reserved.   \n CNN Sans ™ & © 2016 Cable News Network.\n\n## Download the CNN app\nScan the QR code to download the CNN app on Google Play.\n\n![Scan the QR code to download the CNN app from Google Play.](https:\/\/www.cnn.com\/media\/sites\/cnn\/google-play-cnn-app-qr-code.png)\n\n## Download the CNN app\nScan the QR code to download the CNN app from the Apple Store.\n\n![Scan the QR code to download the CNN app from the Apple Store.](https:\/\/www.cnn.com\/media\/sites\/cnn\/app-store-cnn-app-qr-code.png)\n\n![CNN Logo](https:\/\/www.cnn.com\/media\/sites\/cnn\/cnn.svg)\n\n## Legal Terms and Privacy\nBy clicking Agree, you have read and agree to the Terms of Use and agree to the collection and use of your information by cookies and similar technologies, as set forth in our Privacy Policy.\n\nBy clicking \"Agree\", you have read and agree to the [Terms of Use](https:\/\/www.cnn.com\/terms) and agree to the collection and use of your information by cookies and similar technologies, as set forth in our [Privacy Policy](https:\/\/www.cnn.com\/privacy).\n\n[Agree](https:\/\/www.cnn.com\/2024\/11\/19\/business\/bitcoin-should-you-invest)","attrs_readable_markdown":"CNN —\n\nIn the first quarter of this year, the price of bitcoin [broke records](https:\/\/www.cnn.com\/2024\/03\/04\/business\/bitcoin-record-high) in the wake of approval by the [Securities and Exchange Commission](https:\/\/www.cnn.com\/2024\/01\/10\/markets\/bitcoin-etf-sec\/index.html) for the first exchange-traded spot bitcoin funds. The cryptocurrency topped \\$70,000 in March, according to coinmarketcap.com.\n\nThen, with [crypto advocates buoyed](https:\/\/www.cnn.com\/2024\/11\/17\/politics\/crypto-industry-donald-trump-reelection\/index.html) by Donald Trump’s win in the US presidential election this month, the price of bitcoin hit a [record \\$80,000](https:\/\/us.cnn.com\/2024\/11\/10\/investing\/bitcoin-record-trump\/index.html) less than two weeks ago.\n\nAnd as of Monday this week, it was trading north of \\$90,000.\n\nAd Feedback\n\nAd Feedback\n\nBitcoin evangelists are confident it will keep climbing as they anticipate a friendlier regulatory environment under the new administration. Many think bitcoin is a great tool to build generational wealth. And some are even advocating for the US to create a strategic bitcoin reserve, which MicroStrategy executive chairman Michael Saylor [told CNBC](https:\/\/www.cnbc.com\/video\/2024\/11\/14\/were-going-to-see-a-lot-more-pro-bitcoin-policies-says-microstrategys-michael-saylor.html) is a way for the US to “buy the future.”\n\nIn the first decade after bitcoin’s creation in 2009, the financial planning world was reluctant to consider crypto assets as a serious option for most individual investors. But in the past few years, education about crypto assets has been made more available to professionals. For example, the Financial Planning Association now offers three continuing education courses on crypto, according to FPA president-elect Paul Brahim.\n\nSo it’s easy to wonder if maybe it’s time to consider investing in bitcoin. We reached out to some financial advisers to see what guidance they offer clients interested in doing so for the first time.\n\nBitcoin is the oldest and best known of all crypto coins. Its creator — the ever-anonymous Satoshi Nakamoto — set things up so that there can never be more than 21 million bitcoins in existence.\n\nUnlike other assets that are valued based on tangible components — for example, a company’s goods and services or a natural resource — bitcoin is considered a store of value, the price of which depends strictly on what others are willing to pay for it.\n\nIts pricing is highly volatile — and therefore highly risky. For all its nosebleed ascents, bitcoin also has had some gut-punching plunges. Between November 2021 and November 2022, for example, the price of bitcoin dropped 75%, from \\$64,455 to \\$16,196, according to data on coinmarketcap.com.\n\nWhile it’s called a currency — and in some instances can be used like money — bitcoin is not legal tender in the United States or most other countries. And it is a much more complicated transaction for the individual who uses it to buy and sell things, especially when it comes to [reporting the transactions](https:\/\/www.cnn.com\/2024\/04\/08\/success\/taxes-crypto-digital-assets-bitcoin\/index.html) on their taxes.\n\nWhen asked what role bitcoin might play in a person’s overall financial investment and savings portfolio — which you might use to buy a house, start a family, pay for college or save for retirement — one strong area of consensus among planners is to not invest any money in bitcoin for anything you must do in the next five years.\n\n“Due to its volatility, I would definitely avoid using bitcoin for short-term savings goals. And for the same reason, I would recommend only allocating a very small percentage of my long-term investment strategy to it,” said Trent Porter, a certified financial planner and certified public accountant at Priority Financial Partners. He advises his clients who insist on exposure to limit their portfolio allocation to bitcoin to no more than 5%.\n\nCFP Mike Turi, a founding partner of Upbeat Wealth who is also an accredited portfolio management adviser, is more conservative. He doesn’t recommend clients allocate more than 3% to bitcoin, if they allocate any at all.\n\n“I would not recommend using bitcoin as the main strategy to achieve your financial goals. If it’s extra investable money that can help you get there faster? Sure. However, don’t miss out on valuable opportunities by overexposing yourself to an asset that you might not fully understand,” Turi said.\n\nFrom Pulse Financial Planning CFP Matt Elliott’s perspective, tax-advantaged 529 plans will always be the better option for college because they can be diversified and carry less risk. “It is one thing to bet your money on crypto, but another to bet a child’s college savings on it,” he said.\n\nElliott, however, can see a small role for bitcoin in a long-term retirement portfolio. He recommends his clients use a “core and explore” strategy. “Ninety-five percent of your assets should be in a core, well-diversified portfolio that is designed with your timeframe and risk tolerance in mind. The other 5% can be used for more speculative investments (such as crypto) if you have little debt and are willing to accept the risk of losing what you put in,” he said.\n\nWhether bitcoin make sense for you depends as much on your circumstances and preferences as it does on the facts of the asset itself.\n\n“Before you invest in bitcoin for any reason, ask yourself if it were to drop 50% or more, would you be left in a pinch? If the answer is yes, you should reconsider,” said Porter, who notes that even if regulatory risk does go down for crypto assets during the Trump administration “by no means has the overall risk changed significantly.”\n\nTuri suggests getting real with what you’ll be able to live with. “I still see bitcoin more as a gamble than a reliable investment. Is it a risk you can afford to take? Consult your future self. What will happen if it doesn’t work out?” he said.\n\nIf you do invest, set some ground rules for yourself from the jump. “The most challenging aspect of the bitcoin craze is that more retail investors are entering the market at its peak when euphoria is highest,” Turi said. “On the flip side, they’ve never really established an exit strategy. …Investors need to set their exit price to avoid being driven by emotion.”\n\nIf you decide you do want to put some money into bitcoin, you can buy it directly and store it either in your own virtual wallet or on a digital asset platform like Coinbase. But both options can get complicated and carry risks. \\[[Here](https:\/\/www.investopedia.com\/how-to-store-cryptocurrency-7500942#:~:text=You%20can%20store%20cryptocurrency%20online,to%20keep%20your%20crypto%20offline.) is a long list of storage options and their pros and cons.\\]\n\nOr you can get access to it more simply and safely by buying into one of the new SEC-regulated spot bitcoin ETFs. Investors have poured nearly \\$28 billion on net into these ETFs, and their combined net asset value was approaching \\$96 billion as of Friday, according to data from Morningstar Direct.\n\nUsing a bitcoin ETF for exposure is the easiest option for most individuals who are not dedicated crypto investing experts.\n\n“Due to risks such as cybersecurity threats and the possibility of losing private keys, holding bitcoin through an SEC-regulated ETF is by far the safest option,” Porter said.","meta_canonical":null}

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Meta Title	Bitcoin has smashed records. Should you invest? \| CNN Business
Meta Description	In the first quarter of this year, the price of bitcoin broke records in the wake of approval by the Securities and Exchange Commission for the first exchange-traded spot bitcoin funds. The cryptocurrency topped $70,000 in March, according to coinmarketcap.com.
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Boilerpipe Text	CNN — In the first quarter of this year, the price of bitcoin broke records in the wake of approval by the Securities and Exchange Commission for the first exchange-traded spot bitcoin funds. The cryptocurrency topped $70,000 in March, according to coinmarketcap.com. Then, with crypto advocates buoyed by Donald Trump’s win in the US presidential election this month, the price of bitcoin hit a record $80,000 less than two weeks ago. And as of Monday this week, it was trading north of $90,000. Ad Feedback Ad Feedback Bitcoin evangelists are confident it will keep climbing as they anticipate a friendlier regulatory environment under the new administration. Many think bitcoin is a great tool to build generational wealth. And some are even advocating for the US to create a strategic bitcoin reserve, which MicroStrategy executive chairman Michael Saylor told CNBC is a way for the US to “buy the future.” In the first decade after bitcoin’s creation in 2009, the financial planning world was reluctant to consider crypto assets as a serious option for most individual investors. But in the past few years, education about crypto assets has been made more available to professionals. For example, the Financial Planning Association now offers three continuing education courses on crypto, according to FPA president-elect Paul Brahim. So it’s easy to wonder if maybe it’s time to consider investing in bitcoin. We reached out to some financial advisers to see what guidance they offer clients interested in doing so for the first time. Bitcoin is the oldest and best known of all crypto coins. Its creator — the ever-anonymous Satoshi Nakamoto — set things up so that there can never be more than 21 million bitcoins in existence. Unlike other assets that are valued based on tangible components — for example, a company’s goods and services or a natural resource — bitcoin is considered a store of value, the price of which depends strictly on what others are willing to pay for it. Its pricing is highly volatile — and therefore highly risky. For all its nosebleed ascents, bitcoin also has had some gut-punching plunges. Between November 2021 and November 2022, for example, the price of bitcoin dropped 75%, from $64,455 to $16,196, according to data on coinmarketcap.com. While it’s called a currency — and in some instances can be used like money — bitcoin is not legal tender in the United States or most other countries. And it is a much more complicated transaction for the individual who uses it to buy and sell things, especially when it comes to reporting the transactions on their taxes. When asked what role bitcoin might play in a person’s overall financial investment and savings portfolio — which you might use to buy a house, start a family, pay for college or save for retirement — one strong area of consensus among planners is to not invest any money in bitcoin for anything you must do in the next five years. “Due to its volatility, I would definitely avoid using bitcoin for short-term savings goals. And for the same reason, I would recommend only allocating a very small percentage of my long-term investment strategy to it,” said Trent Porter, a certified financial planner and certified public accountant at Priority Financial Partners. He advises his clients who insist on exposure to limit their portfolio allocation to bitcoin to no more than 5%. CFP Mike Turi, a founding partner of Upbeat Wealth who is also an accredited portfolio management adviser, is more conservative. He doesn’t recommend clients allocate more than 3% to bitcoin, if they allocate any at all. “I would not recommend using bitcoin as the main strategy to achieve your financial goals. If it’s extra investable money that can help you get there faster? Sure. However, don’t miss out on valuable opportunities by overexposing yourself to an asset that you might not fully understand,” Turi said. From Pulse Financial Planning CFP Matt Elliott’s perspective, tax-advantaged 529 plans will always be the better option for college because they can be diversified and carry less risk. “It is one thing to bet your money on crypto, but another to bet a child’s college savings on it,” he said. Elliott, however, can see a small role for bitcoin in a long-term retirement portfolio. He recommends his clients use a “core and explore” strategy. “Ninety-five percent of your assets should be in a core, well-diversified portfolio that is designed with your timeframe and risk tolerance in mind. The other 5% can be used for more speculative investments (such as crypto) if you have little debt and are willing to accept the risk of losing what you put in,” he said. Whether bitcoin make sense for you depends as much on your circumstances and preferences as it does on the facts of the asset itself. “Before you invest in bitcoin for any reason, ask yourself if it were to drop 50% or more, would you be left in a pinch? If the answer is yes, you should reconsider,” said Porter, who notes that even if regulatory risk does go down for crypto assets during the Trump administration “by no means has the overall risk changed significantly.” Turi suggests getting real with what you’ll be able to live with. “I still see bitcoin more as a gamble than a reliable investment. Is it a risk you can afford to take? Consult your future self. What will happen if it doesn’t work out?” he said. If you do invest, set some ground rules for yourself from the jump. “The most challenging aspect of the bitcoin craze is that more retail investors are entering the market at its peak when euphoria is highest,” Turi said. “On the flip side, they’ve never really established an exit strategy. …Investors need to set their exit price to avoid being driven by emotion.” If you decide you do want to put some money into bitcoin, you can buy it directly and store it either in your own virtual wallet or on a digital asset platform like Coinbase. But both options can get complicated and carry risks. [ Here is a long list of storage options and their pros and cons.] Or you can get access to it more simply and safely by buying into one of the new SEC-regulated spot bitcoin ETFs. Investors have poured nearly $28 billion on net into these ETFs, and their combined net asset value was approaching $96 billion as of Friday, according to data from Morningstar Direct. Using a bitcoin ETF for exposure is the easiest option for most individuals who are not dedicated crypto investing experts. “Due to risks such as cybersecurity threats and the possibility of losing private keys, holding bitcoin through an SEC-regulated ETF is by far the safest option,” Porter said.
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Class A 128\.06 \- 2.43 1\.86% [INTC](https://www.cnn.com/markets/stocks/INTC) Intel Corporation 62\.38 \+ 0.66 1\.07% Fear & Greed Index 38 [fear is driving the US market](https://www.cnn.com/markets/fear-and-greed?utm_source=business_ribbon) Latest Market News - [Senate housing bill that takes aim at institutional investors may do little for homebuyers — and could even hurt renters](https://www.cnn.com/2026/04/13/business/housing-institutional-investors?utm_source=business_ribbon) - [Oil prices jump on US plans to blockade Iranian ports in Strait of Hormuz](https://www.cnn.com/2026/04/13/business/oil-prices-us-blockade-hormuz-intl?utm_source=business_ribbon) - [Trump is using his tariff playbook against Iran. It’s not working](https://www.cnn.com/2026/04/13/business/strait-of-hormuz-blockade-trump-iran-tariffs?utm_source=business_ribbon) Hot Stocks 38 [fear is driving the US market](https://www.cnn.com/markets/fear-and-greed?utm_source=business_ribbon) Something isn't loading properly. Please check back later. Ad Feedback # Bitcoin has smashed records. Should you invest? [![Jeanne Sahadi](https://www.cnn.com/media/sites/cnn/cnn-fallback-image.jpg)](https://www.cnn.com/profiles/jeanne-sahadi) By [Jeanne Sahadi](https://www.cnn.com/profiles/jeanne-sahadi), CNN 5 min read Published 6:00 AM EST, Tue November 19, 2024 Link Copied\! Follow: Crypto [See your latest updates](https://www.cnn.com/follow?iid=follow_see_all_article&source=acq_web_experiments_follow_card-social-bar-all) ![It’s easy to wonder if maybe it’s time to consider investing in bitcoin. But the answer isn’t an easy yes or no.](https://media.cnn.com/api/v1/images/stellar/prod/20241118-should-you-buy-bitcoin-gfx-final.jpg?c=16x9&q=h_833,w_1480,c_fill) It’s easy to wonder if maybe it’s time to consider investing in bitcoin. But the answer isn’t an easy yes or no. Photo Illustration by Jason Lancaster/CNN/Getty Images CNN — In the first quarter of this year, the price of bitcoin [broke records](https://www.cnn.com/2024/03/04/business/bitcoin-record-high) in the wake of approval by the [Securities and Exchange Commission](https://www.cnn.com/2024/01/10/markets/bitcoin-etf-sec/index.html) for the first exchange-traded spot bitcoin funds. The cryptocurrency topped \$70,000 in March, according to coinmarketcap.com. Then, with [crypto advocates buoyed](https://www.cnn.com/2024/11/17/politics/crypto-industry-donald-trump-reelection/index.html) by Donald Trump’s win in the US presidential election this month, the price of bitcoin hit a [record \$80,000](https://us.cnn.com/2024/11/10/investing/bitcoin-record-trump/index.html) less than two weeks ago. And as of Monday this week, it was trading north of \$90,000. Ad Feedback Ad Feedback [![20241115-trump-crypto-GFX.jpg](https://www.cnn.com/media/sites/cnn/cnn-fallback-image.jpg) Illustration: Ian Berry/CNN/Getty Images Related article The crypto industry plowed tens of millions into the election. Now, it’s looking for a return on that investment](https://www.cnn.com/2024/11/17/politics/crypto-industry-donald-trump-reelection) Bitcoin evangelists are confident it will keep climbing as they anticipate a friendlier regulatory environment under the new administration. Many think bitcoin is a great tool to build generational wealth. And some are even advocating for the US to create a strategic bitcoin reserve, which MicroStrategy executive chairman Michael Saylor [told CNBC](https://www.cnbc.com/video/2024/11/14/were-going-to-see-a-lot-more-pro-bitcoin-policies-says-microstrategys-michael-saylor.html) is a way for the US to “buy the future.” In the first decade after bitcoin’s creation in 2009, the financial planning world was reluctant to consider crypto assets as a serious option for most individual investors. But in the past few years, education about crypto assets has been made more available to professionals. For example, the Financial Planning Association now offers three continuing education courses on crypto, according to FPA president-elect Paul Brahim. So it’s easy to wonder if maybe it’s time to consider investing in bitcoin. We reached out to some financial advisers to see what guidance they offer clients interested in doing so for the first time. ## What you’d be investing in Bitcoin is the oldest and best known of all crypto coins. Its creator — the ever-anonymous Satoshi Nakamoto — set things up so that there can never be more than 21 million bitcoins in existence. Unlike other assets that are valued based on tangible components — for example, a company’s goods and services or a natural resource — bitcoin is considered a store of value, the price of which depends strictly on what others are willing to pay for it. Its pricing is highly volatile — and therefore highly risky. For all its nosebleed ascents, bitcoin also has had some gut-punching plunges. Between November 2021 and November 2022, for example, the price of bitcoin dropped 75%, from \$64,455 to \$16,196, according to data on coinmarketcap.com. While it’s called a currency — and in some instances can be used like money — bitcoin is not legal tender in the United States or most other countries. And it is a much more complicated transaction for the individual who uses it to buy and sell things, especially when it comes to [reporting the transactions](https://www.cnn.com/2024/04/08/success/taxes-crypto-digital-assets-bitcoin/index.html) on their taxes. ## Its role in your portfolio When asked what role bitcoin might play in a person’s overall financial investment and savings portfolio — which you might use to buy a house, start a family, pay for college or save for retirement — one strong area of consensus among planners is to not invest any money in bitcoin for anything you must do in the next five years. [![A representation of the Bitcoin cryptocurrency is being displayed in Brussels, Belgium, on December 6, 2023.](https://www.cnn.com/media/sites/cnn/cnn-fallback-image.jpg) A representation of the Bitcoin cryptocurrency is being displayed in Brussels, Belgium, on December 6, 2023. Jonathan Raa/NurPhoto/Getty Images Related article SEC gives bitcoin ETFs the green light](https://www.cnn.com/2024/01/10/markets/bitcoin-etf-sec) “Due to its volatility, I would definitely avoid using bitcoin for short-term savings goals. And for the same reason, I would recommend only allocating a very small percentage of my long-term investment strategy to it,” said Trent Porter, a certified financial planner and certified public accountant at Priority Financial Partners. He advises his clients who insist on exposure to limit their portfolio allocation to bitcoin to no more than 5%. CFP Mike Turi, a founding partner of Upbeat Wealth who is also an accredited portfolio management adviser, is more conservative. He doesn’t recommend clients allocate more than 3% to bitcoin, if they allocate any at all. “I would not recommend using bitcoin as the main strategy to achieve your financial goals. If it’s extra investable money that can help you get there faster? Sure. However, don’t miss out on valuable opportunities by overexposing yourself to an asset that you might not fully understand,” Turi said. From Pulse Financial Planning CFP Matt Elliott’s perspective, tax-advantaged 529 plans will always be the better option for college because they can be diversified and carry less risk. “It is one thing to bet your money on crypto, but another to bet a child’s college savings on it,” he said. Elliott, however, can see a small role for bitcoin in a long-term retirement portfolio. He recommends his clients use a “core and explore” strategy. “Ninety-five percent of your assets should be in a core, well-diversified portfolio that is designed with your timeframe and risk tolerance in mind. The other 5% can be used for more speculative investments (such as crypto) if you have little debt and are willing to accept the risk of losing what you put in,” he said. ## Questions to ask yourself before buying bitcoin Whether bitcoin make sense for you depends as much on your circumstances and preferences as it does on the facts of the asset itself. “Before you invest in bitcoin for any reason, ask yourself if it were to drop 50% or more, would you be left in a pinch? If the answer is yes, you should reconsider,” said Porter, who notes that even if regulatory risk does go down for crypto assets during the Trump administration “by no means has the overall risk changed significantly.” Turi suggests getting real with what you’ll be able to live with. “I still see bitcoin more as a gamble than a reliable investment. Is it a risk you can afford to take? Consult your future self. What will happen if it doesn’t work out?” he said. If you do invest, set some ground rules for yourself from the jump. “The most challenging aspect of the bitcoin craze is that more retail investors are entering the market at its peak when euphoria is highest,” Turi said. “On the flip side, they’ve never really established an exit strategy. …Investors need to set their exit price to avoid being driven by emotion.” ## Low-risk way to invest in a high-risk asset If you decide you do want to put some money into bitcoin, you can buy it directly and store it either in your own virtual wallet or on a digital asset platform like Coinbase. But both options can get complicated and carry risks. \[[Here](https://www.investopedia.com/how-to-store-cryptocurrency-7500942#:~:text=You%20can%20store%20cryptocurrency%20online,to%20keep%20your%20crypto%20offline.) is a long list of storage options and their pros and cons.\] Or you can get access to it more simply and safely by buying into one of the new SEC-regulated spot bitcoin ETFs. Investors have poured nearly \$28 billion on net into these ETFs, and their combined net asset value was approaching \$96 billion as of Friday, according to data from Morningstar Direct. Using a bitcoin ETF for exposure is the easiest option for most individuals who are not dedicated crypto investing experts. “Due to risks such as cybersecurity threats and the possibility of losing private keys, holding bitcoin through an SEC-regulated ETF is by far the safest option,” Porter said. 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Readable Markdown	CNN — In the first quarter of this year, the price of bitcoin [broke records](https://www.cnn.com/2024/03/04/business/bitcoin-record-high) in the wake of approval by the [Securities and Exchange Commission](https://www.cnn.com/2024/01/10/markets/bitcoin-etf-sec/index.html) for the first exchange-traded spot bitcoin funds. The cryptocurrency topped \$70,000 in March, according to coinmarketcap.com. Then, with [crypto advocates buoyed](https://www.cnn.com/2024/11/17/politics/crypto-industry-donald-trump-reelection/index.html) by Donald Trump’s win in the US presidential election this month, the price of bitcoin hit a [record \$80,000](https://us.cnn.com/2024/11/10/investing/bitcoin-record-trump/index.html) less than two weeks ago. And as of Monday this week, it was trading north of \$90,000. Ad Feedback Ad Feedback Bitcoin evangelists are confident it will keep climbing as they anticipate a friendlier regulatory environment under the new administration. Many think bitcoin is a great tool to build generational wealth. And some are even advocating for the US to create a strategic bitcoin reserve, which MicroStrategy executive chairman Michael Saylor [told CNBC](https://www.cnbc.com/video/2024/11/14/were-going-to-see-a-lot-more-pro-bitcoin-policies-says-microstrategys-michael-saylor.html) is a way for the US to “buy the future.” In the first decade after bitcoin’s creation in 2009, the financial planning world was reluctant to consider crypto assets as a serious option for most individual investors. But in the past few years, education about crypto assets has been made more available to professionals. For example, the Financial Planning Association now offers three continuing education courses on crypto, according to FPA president-elect Paul Brahim. So it’s easy to wonder if maybe it’s time to consider investing in bitcoin. We reached out to some financial advisers to see what guidance they offer clients interested in doing so for the first time. Bitcoin is the oldest and best known of all crypto coins. Its creator — the ever-anonymous Satoshi Nakamoto — set things up so that there can never be more than 21 million bitcoins in existence. Unlike other assets that are valued based on tangible components — for example, a company’s goods and services or a natural resource — bitcoin is considered a store of value, the price of which depends strictly on what others are willing to pay for it. Its pricing is highly volatile — and therefore highly risky. For all its nosebleed ascents, bitcoin also has had some gut-punching plunges. Between November 2021 and November 2022, for example, the price of bitcoin dropped 75%, from \$64,455 to \$16,196, according to data on coinmarketcap.com. While it’s called a currency — and in some instances can be used like money — bitcoin is not legal tender in the United States or most other countries. And it is a much more complicated transaction for the individual who uses it to buy and sell things, especially when it comes to [reporting the transactions](https://www.cnn.com/2024/04/08/success/taxes-crypto-digital-assets-bitcoin/index.html) on their taxes. When asked what role bitcoin might play in a person’s overall financial investment and savings portfolio — which you might use to buy a house, start a family, pay for college or save for retirement — one strong area of consensus among planners is to not invest any money in bitcoin for anything you must do in the next five years. “Due to its volatility, I would definitely avoid using bitcoin for short-term savings goals. And for the same reason, I would recommend only allocating a very small percentage of my long-term investment strategy to it,” said Trent Porter, a certified financial planner and certified public accountant at Priority Financial Partners. He advises his clients who insist on exposure to limit their portfolio allocation to bitcoin to no more than 5%. CFP Mike Turi, a founding partner of Upbeat Wealth who is also an accredited portfolio management adviser, is more conservative. He doesn’t recommend clients allocate more than 3% to bitcoin, if they allocate any at all. “I would not recommend using bitcoin as the main strategy to achieve your financial goals. If it’s extra investable money that can help you get there faster? Sure. However, don’t miss out on valuable opportunities by overexposing yourself to an asset that you might not fully understand,” Turi said. From Pulse Financial Planning CFP Matt Elliott’s perspective, tax-advantaged 529 plans will always be the better option for college because they can be diversified and carry less risk. “It is one thing to bet your money on crypto, but another to bet a child’s college savings on it,” he said. Elliott, however, can see a small role for bitcoin in a long-term retirement portfolio. He recommends his clients use a “core and explore” strategy. “Ninety-five percent of your assets should be in a core, well-diversified portfolio that is designed with your timeframe and risk tolerance in mind. The other 5% can be used for more speculative investments (such as crypto) if you have little debt and are willing to accept the risk of losing what you put in,” he said. Whether bitcoin make sense for you depends as much on your circumstances and preferences as it does on the facts of the asset itself. “Before you invest in bitcoin for any reason, ask yourself if it were to drop 50% or more, would you be left in a pinch? If the answer is yes, you should reconsider,” said Porter, who notes that even if regulatory risk does go down for crypto assets during the Trump administration “by no means has the overall risk changed significantly.” Turi suggests getting real with what you’ll be able to live with. “I still see bitcoin more as a gamble than a reliable investment. Is it a risk you can afford to take? Consult your future self. What will happen if it doesn’t work out?” he said. If you do invest, set some ground rules for yourself from the jump. “The most challenging aspect of the bitcoin craze is that more retail investors are entering the market at its peak when euphoria is highest,” Turi said. “On the flip side, they’ve never really established an exit strategy. …Investors need to set their exit price to avoid being driven by emotion.” If you decide you do want to put some money into bitcoin, you can buy it directly and store it either in your own virtual wallet or on a digital asset platform like Coinbase. But both options can get complicated and carry risks. \[[Here](https://www.investopedia.com/how-to-store-cryptocurrency-7500942#:~:text=You%20can%20store%20cryptocurrency%20online,to%20keep%20your%20crypto%20offline.) is a long list of storage options and their pros and cons.\] Or you can get access to it more simply and safely by buying into one of the new SEC-regulated spot bitcoin ETFs. Investors have poured nearly \$28 billion on net into these ETFs, and their combined net asset value was approaching \$96 billion as of Friday, according to data from Morningstar Direct. Using a bitcoin ETF for exposure is the easiest option for most individuals who are not dedicated crypto investing experts. “Due to risks such as cybersecurity threats and the possibility of losing private keys, holding bitcoin through an SEC-regulated ETF is by far the safest option,” Porter said.
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