Compounding and Saving in Bitcoin: The Power of a Dollar-Cost Averaging Strategy

Compounding and Saving in Bitcoin: The Power of a Dollar-Cost Averaging Strategy
Frequently, I hear other advisors say, “I can’t buy bitcoin for clients; it’s too volatile and adds too much risk.” They’re also worried about purchasing power and inflation with savings rates at 0.50% or less. Bitcoin is an emerging asset class with a market cap of over $1 trillion. Bitcoin is often called a store of value, and its goal is to be better money. It achieves this by consensus rules and not allowing any single entity or group to change the monetary properties without the majority agreeing.Before you question bitcoin’s store of value component, let’s look at the U.S.…