You may have seen the term “bitcoin” in the financial news recently.Actually, bitcoin has been around since 2009.
On 12/11/17, bitcoin futures began trading on the Chicago BoardOptions Exchange (CBOE). Bitcoin is estimated to have a currentmarket capitalization of about $300 billion. After reaching a highof $18,674 per bitcoin in December, it dropped as low as $7,100 inearly February and was trading at about $8,750 per bitcoin as of2/12/18 (see chart below).
A retirement plan mandated to protectbeneficiaries' assets should avoid investing in bitcoin due to itsvolatility, short history, regulatory risk and securityconcerns.
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