The Hidden Dangers of Cryptocurrency

Join us as we dive head first into the untamed world of cryptocurrency. From volatile transaction fees to the risks of Bitcoin ETFs and the exploitation of digital assets by global adversaries, this video sheds light on the murky side of crypto.

We explore recent incidents, including hacks and scams, and discuss why caution is crucial in navigating this high-risk, high-reward financial frontier. Whether you're a skeptic or enthusiast, this deep dive into the complexities of cryptocurrency is a must-watch.

Morningstar - Is even a little bitcoin too much for your portfolio: https://www.morningstar.com/portfolios/how-much-bitcoin-is-too-much

Web3 is Going Great: https://web3isgoinggreat.com/

High Transaction Fees: https://www.coindesk.com/business/2023/11/23/bitcoin-sender-struck-with-31m-transaction-fee-largest-in-history/

Charles Schwab - Spot Bitcoin ETFs Approved: Key Issues to Know: https://www.schwab.com/learn/story/spot-bitcoin-etfs-approved-key-issues-to-know

Molly White's Binance trial reporting: https://www.youtube.com/watch?v=YW7Oe8-RVik

Fidelity Bitcoin Spot ETF Prospectus: https://www.fidelity.com/etfs/bitcoin-fund

Amy Castor and David Gerard on risky nature of spot ETFs: https://amycastor.com/2024/01/16/you-wont-believe-the-21-million-reasons-bitcoin-etfs-are-dumb-as-heck-and-super-risky-oh-wait-of-course-you-will/

This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv

Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor at Retirement Planning Services, Spencer brings a wealth of experience and passion to help clients align their wealth with their core values.

Advisory services offered through Retirement Planning Services, LLC.

The information in this article is intended for general educational and informational purposes only, and should not be construed as investment advisory, financial planning, legal, tax, or other professional advice based on your specific situation. Please consult with your professional advisor(s) before taking any action based on its contents.