Hi everyone. Vince Oldre. Certified financial planner and I’m here again with another video because I’m getting a lot of questions about whether or not you should have Bitcoin in your retirement. Now, what is Bitcoin? Bitcoin is what is called a cryptocurrency and there’s not whole lot of information that you can get out if it because it’s really not that old. It’s a very new type of a vehicle, but it’s basically like a currency that you can have. It’s actually not regulated so there’s no specific country that’s associated with it. It’s actually more of a digital currency. The reason why people are asking about it so much is because it’s been going up and up and up so much that people are starting to wonder whether or not they should have it in durable form. Now, in retirement, typically we want to take a lot of that risk out of your portfolio, that unnecessary risk. Bitcoin or even cryptocurrencies we’ll fit that type of risk profile. So it might not be the best thing for your overall retirement strategy unless you’re willing to take a lot of risk with a portion of your investments and understand that you might lose quite a bit of it if the risk does show for cryptocurrency. Now the reason why I’m not a big fan of it is because it doesn’t provide any income like a stock [inaudible 00:01:21]. A stock type of company, for example, Apple, that company is providing income and cash flow, whereas a currency doesn’t really have a lot of cash flow. Typically, with other currencies there’s more of a safe haven during the market crashes. That’s why we use currencies instead of investing in them because it’s not going to provide any income in your retirement as much. The other part is it’s not regulated, so when it’s not regulated, it’s hard for … to understand how the money is being moved around. Is it really an asset that you can really hold on to or could it be stolen, all that kind of stuff. We really don’t have a lot of information on it. Whether or not you should have it as far as Bitcoin or any type of cryptocurrency in your retirement portfolio is still yet to be seen, and what we say right now is buy at your own risk. It’s not something that we are using right now. So if you want to make sure that your portfolio is performing for retirement, the best option is to not go to things such as Bitcoin or a cryptocurrency for retirement. Now, if you’re a little bit younger, you want to take a lot of risk, that’s a different story. So keep sending us the questions. We appreciate the questions that we’ve been getting. We’ll keep trying to answer those as they come in. Again, look forward to seeing you too in the next video.