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Cryptocurrencies and Retirement Planning: The Risks of Investing in Cryptocurren

Itu2019s important for investors, of every skill level, whether theyu2019re just getting started, heading into their pre-retirement years, or are already enjoying retirement, to find investments that help them generate enough money to live comfortably. <br>Investing in alternative assets can be lucrative, but the short history of cryptocurrencies shows they can be extremely risky and could wipe out a significant portion of a retirement portfolio. <br><br>This PPT highlights the risks of investing in Cryptocurrencies. <br>For more information visit: https://bit.ly/3u87TIt

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Cryptocurrencies and Retirement Planning: The Risks of Investing in Cryptocurren

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  1. Cryptocurrencies and Retirement Planning: The Risks of Investing in Cryptocurrencies

  2. What Is Cryptocurrency? Cryptocurrencyis a decentralized digital asset that is created, or mined, through complex mathematical transactions on a public, online ledger called a blockchain.

  3. What Are Some Risks of Investing In Cryptocurrencies? Lost Keys When a cryptocurrency like Bitcoin is created, it is deposited in the owner’s virtual wallet. It is estimated that 20% of all Bitcoins, currently worth around $130 billion, have been lost or stranded in wallets. Investors can see them in their accounts but cannot access them. Manipulation The ownership of Bitcoin is concentrated in the hands of a few. This type of concentration makes the Bitcoin network susceptible to a 51% attack, where a group of miners, or even one Bitcoin miner, could take control of the entire network. Volatility Volatility is the biggest risk concerning cryptocurrencies. It’s not uncommon for a cryptocurrency like Bitcoin or Ethereum, the two most popular cryptocurrencies, to experience daily fluctuations of more than 30%.

  4. Why Should You Trust Sharp Asset Management for Your Retirement Planning? Sharp Asset Management Inc. is an independent portfolio management firm that is 100% owner-operated. Since we are a highly concentrated group of professionals, we can respond quickly to changing market conditions. If you’re looking for a portfolio management firm or asset management company in Toronto, Mississauga, or the GTA that can help you build a diversified portfolio across asset classes, countries, and regions—one that best suits your investment goals and risk tolerance—Sharp Asset Management can help.

  5. Contact Us Sharp Asset Management 21 Greenwin Village Road, Toronto, Ontario, M2R 2R9 Call: 416-722-9009 Email: pstewart@sharpasset.com / hilarypoff@sharpasset.com

  6. Thank You! For more information, visit us at: www.sharpasset.com

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