Blog Post
Cryptocurrency:
Considerations During Divorce
Cryptocurrency. Bitcoin. Blockchain. For some, cash is no longer king. Cryptocurrency is an electronic form of currency that is intangible. You cannot hold Bitcoin in your hand. There is no dollar bill. Cryptocurrency is a technology that changes the way people accomplish certain financial transactions. Perhaps most important—cryptocurrency is not for the faint of heart or the inexperienced investor.
Cryptocurrency is extremely volatile as witnessed by its highs and lows in just the past week or so. This past Monday, Bitcoin fell to its lowest point since July 2021, but it rebounded later in the day to positive territory. Bitcoin and another cryptocurrency, Ether, are about 45% and 49% off their respective highs. Basically, cryptocurrencies are experiencing volatility similar to stocks as investors are selling riskier technology stocks in the expectation of stricter monetary policy from the Federal Reserve Board...
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