After client inquires, on Friday, May 7th, 2021, we sent out a social media post explaining our view on cryptocurrencies. See that post here: bit.ly/3tXCiX4. We stated that if you were currently invested in cryptocurrencies, like Bitcoin, you should strongly consider selling, as we believe that Bitcoin, and other cryptocurrencies, “LITERALLY HAVE NO INTRINSIC VALUE.” So, what has happened to Bitcoin values since our May 7th post?

From May 10th, 2021, to today at 1:59 PM, Bitcoin has plunged from $59,304.61 to $42,702.77 – an approximate decline of 28%!

Bottom line? GET OUT NOW! We do NOT consider cryptocurrencies to be an “investment” at all, (much less a good investment). Basically, it is a risky, and totally speculative, bet. Give us a call at (859) 223-6333 or send us an email at sfa@spectrumalliance.com if you have any questions or concerns!

#invest #economy #financialplanning #stockmarket

Full listing of all disclosures (bit.ly/3lGX3mM)