Mark Astrinos and David Oransky discuss Bitcoin's role in modern investing, addressing its speculative nature, practical uses, and potential as a long-term store of value. They explore how advisors and clients can approach Bitcoin thoughtfully, balancing skepticism with understanding.

Key Topics Covered:

1. Foundations of Investing:
   • Saving vs. investing and the speculative nature of all assets.
   • Bitcoin’s similarities to "digital gold" and its unique network benefits.
2. Bitcoin’s Role in Portfolios:
   • How Bitcoin compares to traditional assets like stocks, bonds, and gold.
   • Its potential as an inflation hedge and long-term store of value.
3. Practical Applications:
   • Bitcoin enables global, permissionless transactions and portable wealth.
   • Its scarcity-driven dynamics make it appealing amid fiat currency concerns.
4. ETFs and Adoption:
   • Bitcoin ETFs simplify access for investors and advisors.
   • Direct ownership offers unique benefits but requires technical knowledge.

Key Takeaways:

• Advisors should educate themselves about Bitcoin’s potential as a legitimate asset class.
• Even a small allocation to Bitcoin may offer diversification and inflation protection.
• Start with reputable resources like Fidelity and BlackRock or AICPA's PFP Division materials.

Resources Available:

A three part deep dive into bitcoin is available:

• Why you need to take Bitcoin seriously - part 1
• Why you need to take Bitcoin seriously - part 2
• Why you need to take Bitcoin seriously - part 3.

A video with slides

• Understanding Bitcoin.