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Yet whenever acryptocurrencyskyrockets upward, investors get hungry to jump on board.
Experts explainedhow you should approach cryptocurrency in your retirement plans.
Most 401(k)s utilize a series of mutual funds for investing, and wouldnt offer crypto.
Consider Your Retirement Timeline
Another consideration is how close you are to retirement.
For those with a longer timeline until retirement, there could be a place in your portfolio.
If crypto were to become foundational in financial markets, Dang said that the rewards certainly could be significant.
But its just as likely for crypto to crash.
In which case, youd need more time to make up for those losses.
Younger Investors May Benefit
Even people deeply immersed in the crypto space urge caution.
This helps you stay diversified and protect your retirement savings.
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