In 1991, a New York based rock group, the Spin Doctors, burst on the national music scene with the release of their album Pocket Full of Kryptonite. They had a unique musical sound, did not seem to take themselves too seriously and were fun to watch.
That album spawned two hit singles that both reached the top 20 of the Billboard Hot 100 music charts, Two Princes and Little Miss Can’t Be Wrong. Unfortunately, over the next few years, several band members left the group, and like so many bands before them, they faded away into musical history and the 90’s stations of XM Radio and Apple Music.
Along the same lines, in 2009 cryptocurrencies were introduced and took the global financial world by storm. However, unlike the Spin Doctors above, cryptocurrencies are still on the financial landscape and gaining more interest and popularity 12 years after their debut.
Based on the number of conversations that I have had with clients, and the requests for information about cryptocurrencies, I have been looking for a resource to share with you that may answer some of your basic questions about this digital asset.
Thankfully, our friends at PIMCO created a piece entitled Key Questions on Cryptocurrency: Markets, Valuation and Investing. In the piece attached below, they tackle a number of key questions.
With that, I encourage those of you who have been asking questions or wondering what the cryptocurrency phenomenon is all about, to click the link below and read the whole article, or at least the sections that are most relevant to your questions and curiosity.
We hope you find this information is helpful and timely. Part of our mission is to continue to educate you as topics and information in the financial markets continue to evolve at a rapid pace. It is part of our mission as we continue “Moving Life Forward”.
Cetera does not offer any direct investments, endorsement, or advice as it relates to Bitcoin or any crypto currency.
The views stated are not necessarily the opinion of Cetera Advisors LLC and should not be construed directly or indirectly as an offer to buy or sell any securities mentioned herein. Due to volatility within the markets mentioned, opinions are subject to change without notice. Information is based on sources believed to be reliable; however, their accuracy or completeness cannot be guaranteed. Past performance does not guarantee future results.