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Bitcoin Breakdown: Benefits, Risks, and Common Misconceptions

June 3, 2024

Curious about Bitcoin but overwhelmed by the noise? Get ready to unravel the complexities of the world’s most talked-about cryptocurrency.

Evan Wohl and Iván Watanabe invite Chet Schwartz, RICP®, a financial advisor at Strategies for Wealth, to demystify Bitcoin. Chet explains how cryptocurrency works, how it differs from traditional fiat currencies, and key benefits and risks that crypto investors should know about.

Iván, Evan, and Chet discuss:

  • Common terminology related to Bitcoin and blockchain technology
  • What it means to have a decentralized, permissionless network
  • How Bitcoin’s finite supply can potentially contribute to an anti-inflationary environment
  • Cryptocurrency as an asset class in a diversified portfolio
  • Future outlook for Bitcoin’s global adoption
  • And more

Connect with Chet Schwartz:

About Chet Schwart:

Chet’s purpose is to transform and evolve the conversations people have about their personal finances so he can help them achieve financial balance. By making complex topics understandable and creating a safe, judgment-free forum for his clients to ask questions, Chet helps close the gaps in financial knowledge, serves as an informed sounding board, and uncovers any blind spots that may impact their present and future security. Chet has a “Protection First” philosophy, which means that before he looks at any risk-based investment options, protecting and securing his client’s assets and income is the highest priority. Recognizing that each client’s financial picture is different, it is his responsibility to create a broad, goals-based planning experience tailored to meet the unique needs of each individual or business.

Chet is extremely proud of the difference he has made in his clients’ lives, including business owners, Institutional Wall Street professionals, partners of law firms, and C-level executives. His special areas of expertise include estate planning for high-net-worth individuals and business continuity planning.

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