"The financial system as it exists today is built on trust. But people no longer trust that it exists to help them – that it helps only people working in the industry," he said. "Cryptocurrency removes this need to trust people’s motivations." Bitcoin benefits Just be sure to take a holistic view: “If you need 90% of your assets to live a comfortable retirement, we manage 90% and you take 10%,” says Michelle Brownstein, a certified financial planner and senior vice president of the Private Client Group at Personal Capital. Brownstein often recommends that her clients protect the bulk of their retirement portfolios. Most qualified fiduciaries would make a similar recommendation in order to help clients mitigate emotional decision-making and taking on too much risk.
Investors with savings outside their 401(k) plan should consider their crypto allocation as part of their overall investable net worth, said Boneparth, also a member of CNBC's Advisor Council. What is a cryptocurrency exchange? Bitcoin is the most popular, decentralized virtual currency in the world. Businesses both large and small have begun to accept bitcoins as a legal form of payment. In addition, Bitcoin currency exchanges, which trade bitcoins for real currency, have quickly arisen because of the currency’s growing popularity.