Should I put my retirement in crypto?

Putting your retirement savings into crypto, specifically a Bitcoin IRA, is a high-risk gamble, not a sound investment strategy. While the potential for significant returns exists, the volatility is extreme. Consider the tax implications; crypto transactions are often taxed as capital gains, potentially leading to a considerable tax burden upon retirement withdrawal. Furthermore, the regulatory landscape for crypto is still evolving, creating uncertainty regarding future tax treatments and potential legal challenges. Diversification is key to a successful retirement portfolio, and heavily weighting it towards a single, highly volatile asset class like crypto is fundamentally flawed. Consider the opportunity cost; the potential for substantial losses in crypto could severely impact your retirement funds, forgoing more stable, predictable returns available from other, less risky asset classes. A well-diversified portfolio including established asset classes like stocks and bonds offers a more robust and reliable path towards a secure retirement.

Should I invest my savings in crypto?

Dumping all your savings into Bitcoin? Nah, bro. That’s a recipe for disaster. Crypto’s volatile; massive losses are a real possibility. Think of it like this: you wouldn’t bet your entire life savings on a single horse race, right?

Diversification is king. Seriously. Spread your risk across different asset classes. Bitcoin’s cool, but don’t put all your eggs in one basket. Consider:

Other Cryptos: Ethereum, Solana, Cardano – explore altcoins with strong fundamentals, but remember they’re also risky.
Stocks: A well-diversified stock portfolio can offer relatively stable growth over the long term.
Real Estate: Tangible assets like property can be a good hedge against inflation and market volatility.
Bonds: Relatively low-risk, but returns are generally lower than other asset classes.

A good starting point might be allocating a small percentage (e.g., 5-10%) of your savings to Bitcoin, depending on your risk tolerance. Remember, this is still a high-risk investment.

Do your research! Before investing in any crypto, understand the technology, the team behind it, and the market conditions. Don’t just follow hype. Consider factors like market capitalization, whitepapers, and adoption rates.

Only invest what you can afford to lose. This is crucial. Crypto markets can swing wildly, and you don’t want to end up in a tough spot financially.

Dollar-cost averaging (DCA) is a smart strategy. Invest a fixed amount regularly regardless of price fluctuations to mitigate risk.
Secure your assets! Use reputable hardware wallets and strong passwords to protect your investments from theft.

What if I invested $1000 in Bitcoin 10 years ago?

Investing $1,000 in Bitcoin ten years ago (2013) would have yielded significantly less than the figures presented. The price in early 2013 hovered around $13, meaning your $1,000 could have purchased approximately 77 Bitcoins. Assuming you held those Bitcoins, their current value (fluctuating constantly) would be substantial, but far less than the $368,194 figure. This likely refers to a 2015 starting point.

The 2015 scenario ($1,000 investment): While $368,194 is a plausible return based on Bitcoin’s price trajectory from 2015, it’s crucial to account for transaction fees, potential losses from exchange hacks (if held on exchanges), and the significant emotional toll of volatility during bull and bear markets. The actual return may be lower considering these factors.

The 2010 scenario ($1,000 investment): The $88 billion figure for a 2010 investment, however, is dramatically overstated. While a $1,000 investment in 2010 would have resulted in an enormous profit, the stated figure needs substantiation. Bitcoin’s price in 2010 was considerably higher than $0.00099; this is likely its price from late 2009. Furthermore, obtaining and securing large quantities of Bitcoin in 2010 without substantial technical knowledge was difficult. The actual return would still be very substantial but considerably less than $88 billion.

Key Considerations:

Volatility: Bitcoin’s price is notoriously volatile. While returns can be enormous, substantial losses are also possible.
Security: Safeguarding private keys is paramount. Losses due to theft or loss of keys are common.
Tax Implications: Capital gains taxes on profits can be significant depending on your jurisdiction.
Regulatory Uncertainty: Regulations surrounding Bitcoin and other cryptocurrencies are constantly evolving, creating both opportunities and risks.

Historical Price Points (approximate):

Late 2009: ~$0.00099
Early 2010: ~$0.30
Early 2013: ~$13
Early 2015: ~$250

These figures are estimates and may vary depending on the exchange and data source.

What does Dave Ramsey say about cryptocurrency?

Dave Ramsey’s aversion to crypto stems from a traditional, debt-averse financial philosophy. While he’s correct that speculating with borrowed money is reckless, dismissing crypto entirely ignores its potential. It’s not inherently “bad,” but rather a high-risk, high-reward asset class requiring a sophisticated understanding.

The key difference is *risk tolerance* and *time horizon*. Ramsey’s advice is geared towards individuals prioritizing debt elimination and steady, low-risk returns. Crypto, on the other hand, thrives in a long-term, high-risk investment strategy. It’s not suitable for everyone, and his caution regarding leveraging debt to acquire it is absolutely sound.

However, let’s examine some nuances:

Diversification: A small, carefully managed allocation to crypto within a diversified portfolio *could* potentially enhance overall returns, but only for those with a high risk tolerance and a long-term outlook.
Inflation Hedge: Some argue crypto serves as a hedge against inflation, potentially outpacing traditional assets during periods of economic uncertainty. This is highly debated, however.
Technological Innovation: Underlying blockchain technology offers significant potential beyond simple speculation. Investing in crypto can be a way to indirectly participate in the growth of this disruptive technology.

The crucial point is due diligence. Before even considering crypto, ensure you’ve:

Paid off high-interest debt.
Established a robust emergency fund.
Thoroughly researched individual cryptocurrencies and the inherent risks.
Understood your own risk tolerance and investment timeline.

Only once these steps are taken should you even consider allocating a *small* percentage of your portfolio to cryptocurrencies. Never invest what you can’t afford to lose.

What does Suze Orman say about cryptocurrency?

Suze Orman’s surprisingly bullish stance on Bitcoin, advocating for “exposure,” is a fascinating take, though her caveat about potential loss is crucial. While she doesn’t explicitly endorse full-blown Bitcoin maximalism, her advice hints at the disruptive potential of Bitcoin’s decentralized nature and its position as digital gold.

However, a more nuanced approach is needed. Orman’s advice lacks the crucial context of risk management. Here’s a breakdown:

Diversification is key: Don’t put all your eggs in one basket, even Bitcoin. Explore other cryptocurrencies with different functionalities and use cases, considering factors like market capitalization, development activity, and community engagement.
Dollar-cost averaging (DCA): Instead of investing a lump sum, gradually invest smaller amounts over time to mitigate risk. This strategy reduces the impact of volatility.
Understand the technology: Before investing, understand the underlying blockchain technology, its limitations, and its potential for scalability and adoption. This will help you make informed decisions.
Security measures: Use secure hardware wallets and reputable exchanges. Never reveal your private keys.
Regulatory landscape: Stay informed about the ever-evolving regulatory environment surrounding cryptocurrencies in your jurisdiction.

Beyond Bitcoin: While Bitcoin is the original and arguably most established cryptocurrency, the crypto landscape is dynamic. Consider exploring:

Ethereum (ETH): The leading platform for decentralized applications (dApps) and smart contracts.
Solana (SOL): Known for its high transaction speed and scalability.
Cardano (ADA): Focuses on peer-reviewed research and a robust, secure blockchain.

Remember: Cryptocurrency investing carries significant risk. Orman’s warning about potential loss should be taken seriously. Conduct thorough research and only invest what you can afford to lose.

Can I put my 401k into crypto?

Look, the ability to put your 401k into crypto is a game-changer, albeit a relatively new one. While not universally available, some forward-thinking retirement plans *are* now offering crypto exposure. This isn’t some fly-by-night operation either; it’s a legitimate path to diversifying your retirement portfolio into a potentially high-growth asset class. Think of it as a way to gain exposure to the disruptive potential of blockchain technology, without selling your grandma’s prized possessions to buy Bitcoin.

However, it’s crucial to understand the inherent volatility. Crypto is risky; its price swings are legendary. This isn’t for the faint of heart. Before diving in, do your due diligence. Understand the specific cryptocurrencies offered within your 401(k) plan, their underlying technology, and the risks associated with them. Don’t just blindly follow hype.

Consider your risk tolerance. Are you prepared for potentially significant losses? If not, a small allocation might be more appropriate. Think strategically; diversify *within* the crypto space itself as well as your overall 401(k) holdings. Don’t bet the farm on one coin.

Remember, regulations surrounding crypto in retirement plans are still evolving. Stay informed about any changes that may affect your investments. Accessing these options might involve specific procedures or limitations, so check your 401(k) provider’s documentation carefully.

This isn’t financial advice – I’m just sharing insights based on my experience. Do your own research!

Can you make $100 a day with crypto?

Making $100 a day in crypto is achievable, but not guaranteed. It demands significant skill, discipline, and risk management.

Effective Strategies: This isn’t about get-rich-quick schemes. Success hinges on a robust trading plan encompassing:

Technical Analysis: Mastering chart patterns, indicators (RSI, MACD, Bollinger Bands), and candlestick analysis is crucial for identifying entry and exit points.
Fundamental Analysis: Understanding blockchain technology, project fundamentals, and market sentiment is vital for long-term strategies and identifying undervalued assets.
Arbitrage: Exploiting price discrepancies across different exchanges requires speed and efficiency.
Scalping: Profiting from small price fluctuations demands quick reflexes and a high tolerance for risk.
Swing Trading: Holding positions for a few days to weeks requires patience and careful risk assessment.

Portfolio Diversification: Don’t put all your eggs in one basket. Spread your investments across various cryptocurrencies and asset classes to mitigate risk. Consider diversifying beyond just Bitcoin and Ethereum.

Market Trend Awareness: Constant monitoring of market news, regulatory updates, and social sentiment is essential. Understanding macroeconomic factors also impacts crypto prices.

Risk Management is Paramount: Define your risk tolerance, use stop-loss orders religiously, and never invest more than you can afford to lose. Backtesting strategies on historical data is crucial before live trading.

Capital Requirements: The amount of capital needed to consistently generate $100 daily varies significantly depending on your chosen strategy and risk tolerance. Higher risk strategies may require less capital initially, but come with substantially higher chances of losses.

High-Risk/High-Reward Strategies (e.g., scalping): May require less capital but demand exceptional skills and speed.
Lower-Risk/Lower-Reward Strategies (e.g., swing trading, long-term holding): Typically require more capital to achieve the same daily profit target.

Tax Implications: Understand the tax implications of your cryptocurrency trading activities in your jurisdiction. Proper record-keeping is essential.

How much would $10,000 buy in Bitcoin?

At the current exchange rate, $10,000 USD would buy approximately 0.1153 BTC. However, this is a snapshot in time and the price fluctuates constantly.

Factors affecting the price include:

Market Sentiment: News events, regulatory changes, and overall investor confidence heavily influence Bitcoin’s price.
Trading Volume: High trading volume can lead to price volatility, while low volume might result in slower price movements.
Mining Difficulty: Increased difficulty in mining Bitcoin can impact the rate of new coin creation and potentially affect price.
Adoption Rate: Wider adoption by businesses and individuals increases demand and can push the price higher.

To illustrate the price sensitivity:

$1,000 USD ≈ 0.0115 BTC
$5,000 USD ≈ 0.0576 BTC
$10,000 USD ≈ 0.1153 BTC
$50,000 USD ≈ 0.5766 BTC

Important Note: Always use a reputable cryptocurrency exchange and be aware of fees associated with buying and selling Bitcoin. These calculations are estimates and do not constitute financial advice.

Can I invest my 401k in crypto?

Yes! While still relatively new, some forward-thinking 401(k) providers are now offering crypto exposure within retirement accounts. This opens up exciting diversification opportunities, allowing you to potentially benefit from the growth of the crypto market alongside your traditional investments. Access varies, but it often involves specialized crypto funds or even direct exposure to certain cryptocurrencies depending on your plan.

Keep in mind this is a high-risk area. Crypto is notoriously volatile, so it’s crucial to only allocate a portion of your retirement savings that you can comfortably afford to lose. Thorough research into the specific crypto offerings within your 401(k) is essential before investing. Consider factors like fund management fees, the specific cryptocurrencies offered, and the overall investment strategy of the fund.

Remember to carefully weigh the potential rewards against the inherent risks before making any decisions. Diversification is key – don’t put all your retirement eggs in the crypto basket! Always consult with a qualified financial advisor to assess your risk tolerance and investment goals before adding crypto to your 401(k).

This emerging field is constantly evolving, with new players and offerings frequently appearing. Stay informed about regulations and potential tax implications related to crypto holdings within your retirement plan.

Can you realistically make money with crypto?

Let’s be clear: making money with crypto isn’t a guaranteed lottery win. It’s about calculated risk and deep market understanding. Trading, while potentially lucrative, demands discipline and a robust strategy. Don’t chase pumps and dumps; focus on fundamental analysis and technical indicators. Diversification is key—spreading your holdings across various assets mitigates risk.

Beyond trading, staking and yield farming offer passive income streams, but understand the smart contract risks involved. Thorough due diligence is crucial; research the project’s team, tokenomics, and security audits before committing funds. Masternodes can generate passive income, but this often requires a significant upfront investment and technical expertise.

Dividends from certain crypto projects are another avenue, but remember these are not guaranteed and depend entirely on the project’s success. Furthermore, tax implications can be significant, so consult a professional.

The crypto market’s volatility is a double-edged sword. While it presents incredible opportunities for exponential growth, it equally exposes investors to substantial losses. Risk management is paramount. Never invest more than you can afford to lose, and always have an exit strategy.

Finally, the space is constantly evolving. Continuous learning is essential to stay ahead of the curve. Follow reputable sources, engage with the community, and adapt your strategies as the market shifts.

How much is $500 in Bitcoin in 10 years USD?

Predicting Bitcoin’s price in 10 years is impossible. Nobody knows for sure. The example given assumes Bitcoin will reach $1,000,000 in 10 years. This is purely speculative. At a current price of approximately $52,000, that represents a massive increase of 1,823.077% over ten years, or roughly 182.3% annually. This is a highly unrealistic, extremely optimistic scenario.

Important Note: Past performance is not indicative of future results. Bitcoin’s price is incredibly volatile. It can fluctuate wildly in short periods. The calculation of a $500 monthly investment yielding $40 million in 10 years relies entirely on that extremely optimistic price prediction. It’s crucial to understand that such a return is exceptionally improbable. Investing in Bitcoin involves significant risk of losing your entire investment.

Factors affecting Bitcoin’s price: Bitcoin’s price is influenced by many things, including: regulation (government policies), adoption (how many people and businesses use it), technological advancements (improvements to the Bitcoin network), macroeconomic factors (global economic conditions), and market sentiment (general investor confidence).

Diversification: It’s generally recommended to diversify your investments rather than putting all your money into a single asset, especially one as volatile as Bitcoin. Diversification reduces your risk.

Do your own research (DYOR): Before investing in Bitcoin or any other cryptocurrency, thoroughly research the risks involved. Consult with a qualified financial advisor.

What Warren Buffett said about crypto?

Warren Buffett’s famously negative stance on cryptocurrencies is well-documented. His infamous “rat poison squared” comment from 2018, reported by Fortune, concisely summarized his skepticism. He elaborated on CNBC the same year, predicting an almost certain “bad ending” for cryptocurrencies in general. This reflects a fundamental distrust of assets lacking intrinsic value and inherent volatility. Buffett’s perspective stems from his value investing principles, emphasizing tangible assets with proven track records and understandable business models, a stark contrast to the decentralized and often opaque nature of cryptocurrencies.

It’s important to note that while Buffett’s opinion carries significant weight, it’s crucial to consider the context. His comments predate many significant developments in the crypto space, such as the burgeoning DeFi sector, increasing institutional adoption, and the rise of layer-2 scaling solutions addressing earlier scalability concerns. While his concerns regarding speculative bubbles and regulatory uncertainty remain valid points of discussion, the crypto landscape has evolved considerably since his pronouncements.

Buffett’s criticism often centers on Bitcoin’s lack of intrinsic value and its role primarily as a speculative asset. However, proponents of Bitcoin and other cryptocurrencies counter that they offer decentralized alternatives to traditional financial systems, potentially enhancing financial freedom and accessibility, particularly in regions with unstable or unreliable banking infrastructures. This inherent tension between traditional financial wisdom and the revolutionary potential of cryptocurrencies underscores the ongoing debate surrounding their long-term viability.

Is it worth having $100 in Bitcoin?

Investing $100 in Bitcoin isn’t a get-rich-quick scheme; it’s more like dipping your toe in the crypto waters. While it’s unlikely to make you a millionaire overnight, it offers a fantastic opportunity to learn about Bitcoin’s technology and market dynamics.

Consider it a learning experience: $100 lets you experience firsthand the volatility of Bitcoin. You’ll learn about price fluctuations, market trends, and the importance of risk management—all valuable lessons for future, potentially larger investments.

Diversification is key: Don’t put all your eggs in one basket. $100 allows for experimentation. Consider spreading your investment across multiple cryptocurrencies to mitigate risk. A small portion in Bitcoin alongside a few other promising projects can provide a more balanced portfolio.

Long-term perspective: Bitcoin’s price has historically increased over the long term, but with significant dips along the way. A $100 investment isn’t a significant amount, so the impact of volatility is less severe. Treat it as a long-term investment rather than a short-term trading venture.

Learn about Bitcoin’s underlying technology: Use this opportunity to delve into blockchain technology. Understanding how Bitcoin works will give you a better appreciation for its potential and limitations. This knowledge can be invaluable regardless of Bitcoin’s price.

Research thoroughly: Before investing, research different cryptocurrencies and their potential. Don’t rely solely on hype.
Use reputable exchanges: Choose secure and regulated exchanges for buying and storing your cryptocurrency.
Secure your investment: Use strong passwords, two-factor authentication, and hardware wallets to protect your investment from theft or loss.

Remember: Crypto investment involves significant risk. $100 is a relatively small amount to lose, making it ideal for experimenting and learning before committing larger sums.

What is the golden rule of crypto?

The golden rule of crypto is simple: only invest what you can afford to lose completely. Cryptocurrencies are incredibly volatile; their prices can swing wildly in short periods. Think of it like this: you wouldn’t bet your rent money on a horse race, right? The same applies to crypto. Diversification is key – don’t put all your eggs in one basket. Spread your investments across different cryptocurrencies to mitigate risk. Do your own research (DYOR) thoroughly before investing in any coin. Understand the project’s whitepaper, its team, and the overall market sentiment. Be wary of get-rich-quick schemes and promises of guaranteed returns – those are usually scams. Consider using a hardware wallet for increased security, as it keeps your private keys offline and protects your assets from hacking.

Learning about blockchain technology and how different cryptocurrencies function will help you make informed decisions. Don’t just follow hype; understand the underlying technology and the potential use cases of each project. Finally, be patient. The crypto market is cyclical, with periods of both significant gains and losses. Long-term investing is often a better strategy than trying to time the market for quick profits.

Can I move my Fidelity 401k to crypto?

While you can’t directly transfer your Fidelity 401(k) *assets* into crypto, some employers are now offering Bitcoin as an investment *option* within their 401(k) plans. This means you might be able to allocate a portion of your existing 401(k) contributions to Bitcoin, but this entirely depends on your employer’s specific plan offerings. It’s not a direct transfer; rather, it’s an investment choice *within* your existing 401(k).

Check with your employer to see if they’ve partnered with a provider offering Bitcoin as an investment option within their 401(k) plan. Keep in mind that investing in crypto through a retirement account has implications for tax treatment and risk tolerance, which should be carefully considered. While offering diversification benefits, Bitcoin’s volatility makes it a higher-risk investment compared to more traditional assets within a 401(k).

Direct crypto investment outside of your 401(k) is also a possibility, using a separate brokerage account. This allows for more flexibility but also carries the full investment risk outside of the retirement account protections. Research different platforms carefully before making any decisions.

Can you make $1000 a month with crypto?

Generating a stable $1000 monthly income from crypto is achievable, but requires strategic thinking and effort. It’s not a get-rich-quick scheme; consistent profitability demands a deep understanding of market dynamics and risk management.

Strategies for reaching this goal include:

Trading: This involves actively buying and selling cryptocurrencies based on market analysis. Success hinges on technical and fundamental analysis skills, along with a robust risk management plan (stop-loss orders are crucial). Consider day trading, swing trading, or arbitrage for varying levels of commitment.

Staking and Lending: Earn passive income by locking up your crypto assets on platforms that offer staking rewards or lending services. Returns vary depending on the platform and the cryptocurrency, but offer a less volatile alternative to trading. Thoroughly research the platform’s reputation and security before committing funds.

Masternode Operation: Running a masternode for certain cryptocurrencies can generate passive income through block rewards. This requires a significant initial investment and technical expertise to set up and maintain the node.

Mining: Generating cryptocurrencies through mining requires specialized hardware and significant energy consumption. Profitability depends on factors like the cryptocurrency’s price, mining difficulty, and electricity costs. It is typically more suitable for larger operations.

Important Considerations:

Risk Management: Diversify your investments, never invest more than you can afford to lose, and always use stop-loss orders to limit potential losses. Market volatility is inherent in the crypto space.

Taxes: Be aware of the tax implications of your crypto activities in your jurisdiction. Proper record-keeping is crucial.

Security: Securely store your crypto assets using reputable wallets and exchanges. Implement strong passwords and two-factor authentication.

Due Diligence: Thoroughly research any platform or investment opportunity before committing your funds. Beware of scams and fraudulent schemes.

Education: Continuous learning is essential. Stay updated on market trends, technological advancements, and regulatory changes within the crypto space.

Should I buy bitcoin in my Roth IRA?

Absolutely! A Roth IRA offers a fantastic tax advantage for Bitcoin. Imagine this: tax-free growth and tax-free withdrawals in retirement after age 59 1/2 and 5+ years of holding the account. That’s right, all your Bitcoin profits are shielded from Uncle Sam’s greedy hands!

While the IRS classifies Bitcoin as property, not a security, this actually works in your favor within a Roth IRA. It avoids the potential complexities of capital gains taxes that would normally hit you on traditional brokerage accounts. You’re essentially letting your Bitcoin compound tax-free!

However, remember that Roth IRAs have contribution limits. Also, crypto is volatile; it’s a high-risk, high-reward investment. You could lose your entire investment.

Consider this: A Roth IRA offers a dedicated space for long-term Bitcoin holding. This reduces the temptation to sell during market dips, allowing your investment to ride out the volatility, potentially maximizing its long-term potential.

Is bitcoin a good investment for seniors?

Bitcoin’s volatility is a double-edged sword. While its price fluctuations present significant risk, especially for retirees reliant on stable income streams, they also present potentially substantial rewards. The inherent risk is undeniable; massive price swings can wipe out savings quickly. For seniors prioritizing capital preservation, safer options like CDs and money market accounts are far more suitable.

However, let’s explore the nuances. If a senior has a long-term horizon and a higher risk tolerance – perhaps with a diversified portfolio already including lower-risk assets – a small, carefully considered allocation to Bitcoin could potentially offset inflation over time. This is crucial given persistently low interest rates on traditional savings vehicles.

Factors to consider before investing in Bitcoin:

Risk Tolerance: Bitcoin is highly speculative. Seniors should only invest what they can afford to lose entirely.
Time Horizon: Bitcoin is a long-term investment. Short-term trading is extremely risky and not recommended for anyone, especially seniors.
Financial Goals: Does Bitcoin align with your retirement goals? If your goal is stable income, Bitcoin is likely not the right choice.
Understanding of Cryptocurrencies: Thorough research and understanding of Bitcoin’s technology and market dynamics are crucial before investing. Consider seeking advice from a qualified financial advisor experienced in cryptocurrency.

Alternatives to direct Bitcoin investment:

Grayscale Bitcoin Trust (GBTC): Offers exposure to Bitcoin through a publicly traded stock, mitigating some of the direct ownership complexities.
Bitcoin ETFs (Exchange-Traded Funds): Once approved, these will likely offer a more regulated and accessible way to invest in Bitcoin.

Disclaimer: This information is for educational purposes only and should not be considered financial advice. Always conduct thorough research and consult with a qualified financial advisor before making any investment decisions.

How much will 1 Bitcoin be worth in 5 years?

Predicting Bitcoin’s price is inherently speculative, but analyzing historical trends, technological advancements, and market adoption offers valuable insights. While no one can definitively say how much 1 BTC will be worth in five years, several reputable forecasting models suggest a significant price appreciation. Some projections place Bitcoin’s price in 2025 around $81,748. Extrapolating these models further, estimates for 2026, 2027, and 2028 range from approximately $85,836 to $94,634. This growth is largely attributed to factors such as increasing institutional adoption, the maturation of the Bitcoin network, and its growing recognition as a store of value and hedge against inflation.

However, it’s crucial to acknowledge the inherent volatility of the cryptocurrency market. Unforeseen regulatory changes, technological disruptions, or shifts in market sentiment could significantly impact these predictions. These projections should be viewed as potential outcomes, not guarantees. Thorough due diligence and diversification remain essential components of any responsible investment strategy involving Bitcoin or other cryptocurrencies.