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Ep. 008: The case for cryptocurrency in your retirement portfolio

by | Mar 10, 2018

Should you have cryptocurrency in your retirement portfolio? While many dismiss it as too risky, I believe Pascal’s Wager provides the correct answer.

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“Bitcoin is successful only because of its potential for circumvention [and] lack of oversight. So it seems to me it ought to be outlawed. It doesn’t serve any useful social function.”.

— Joseph Stiglitz

Nobel Laureate

“If Bitcoin were to succeed at displacing gold to even a modest degree, as a monetary store of value (and it currently appears to be the strongest contender by some margin), it could be worth between 260,000 – 800,000 per Bitcoin. And just for reference, as of today, it is around $9,000.”.

— John Pfeffer

An (Institutional) Investor’s Take on Cryptoassets

“Belief is a wise wager. Granted that faith cannot be proved, what harm will come to you if you gamble on its truth and it proves false? If you gain, you gain all; if you lose, you lose nothing. Wager then, without hesitation, that He exists.”.

— Blaise Pascal

17th Century Philosopher & Mathematician

In this episode, I cover:

✓ Prominent people on both sides of the debate

✓ What is the bear case for cryptocurrency failing completely?

✓ What is the bull case for cryptocurrency valuations in the six-figures?

✓ How we can use Pascal’s Wager to determine the right action to take when outcomes are this skewed but uncertain

✓ Retirement income scenarios in a Sane Retirement Portfolio with cryptocurrency exposure

TO DIVE DEEPER INTO cryptocurrency in your retirement portfolio:

Bitcoin Bulls and Bears (Bloomberg)

⇒ The Bullish Case for Bitcoin – Vijay Boyapati

⇒ Crypto Assets – Chris Burniske & Jack Tater

⇒ Cryptoasset Valuations – Chris Burniske

⇒ An (Institutional) Investor’s Take on Cryptoassets – John Pfeffer

⇒ An Efficient-Markets Valuation Framework for Cryptoassets using Black-Scholes Option Theory – Antos & McCreanor

Pascal’s Wager (Wikipedia)

SANE CRYPTO Framework

SANE CRYPTO Live Free Training

QUESTIONS OR FEEDBACK:

Email: askkim@sanecrypto.com
Twitter: @sanecrypto https://twitter.com/sanecrypto

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