The price of bitcoin has surged 350% in just the last six months as major investors and large companies have begun to adopt its use. Average investors have taken notice and see it as a potential opportunity. Today we discuss bitcoin, one specific form of cryptocurrency, grabbing the headlines. Steve is joined by Cordasco Financial Network’s Client Service Specialist Evan Salter and Steve Proffer, a member of CFN’s Investment Committee. Evan helps us understand what bitcoin actually is, how the technology works and why its been so readily embraced by younger investors. Steve Proffer offers perspective on bitcoin’s appropriateness for inclusion in an investor’s long-term portfolio as well as what may be driving large companies to accept bitcoin as currency.
Listening Time: 26 minutes