Bitcoin is having a moment

Financial advisor Douglas Boneparth, president of Bone Fide Wealth, was an early adopter of bitcoin, acquiring a bitcoin miner with a partner in 2014. He has yet to sell any of the bitcoin he owns, he said.

“Wow – what a ride it’s been. I’m still very long-term bullish on bitcoin. I view it as a digital store of value – digital gold, if you will,” he said. “I get that you can make jewelry out of [gold], but all money is a construct, at the end of the day.”

With that firsthand experience, Boneparth’s been in a good position to educate clients, he said. But he recommends that everyone take a few dollars to play around with bitcoin to gain an understanding of how digital assets and blockchain technology work.

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