Surprise! Your Clients Lost More Money in Bonds Last Year Than They Did in Bitcoin
fryoneusa2023-01-31T11:50:01-05:00You had a choice last year to follow, or ignore, my advice. As 2022 began, I recommended that you get out of the bond market (moving that money to cash or equivalents) and place 1% of your client portfolios into bitcoin. How’d my advice work out? Well, I was certainly right about the bond market: it fell 13% last year, its biggest loss ever. But bitcoin fell 77% from its November 2021 high! Ugh.
