Let’s face it, cryptocurrency is here to stay. However, that doesn’t mean it’s a something you should invest your nest egg in. There is still a lot of instability in cryptocurrency despite what some may want you to believe and if you’ve been following those swings over the past few years, you know they can be quite drastic compared to other currencies. Furthermore, Coinbase, a well-known cryptocurrency exchange platform (in other words, a place where you can buy or sell cryptocurrency), has teamed up with a 401(k) provider to allow employees at certain companies to invest a small portion of their 401(k) in cryptocurrency. I do not know what companies are participating in this, but the fact that there is an opportunity to invest even a small portion of a 401(k) in crypto can be seen as a gamechanger. If all goes well that small portion could eventually reach bigger portions. Now, I can’t predict what the future will hold for cryptocurrencies. There may be a period in the future when they become much more stable and are viewed as a good investment. Right now is not that time. I’m not saying that you can’t invest in crypto, but what I am saying is that you shouldn’t do so with your nest egg or retirement funds. If you want to get involved with crypto, do so with money outside of your next egg or retirement savings. Also, make sure that you understand what you are getting into and what cryptocurrency truly is and what it’s weaknesses are. As with any investment, there are risks involved that may be unacceptable for some. Finally, if you do decide to invest in crypto (and with funds outside of your retirement savings), use a reputable crypto exchange platform. Crypto is still pretty new and there may not be many financial advisors or wealth managers skilled at working with it, but if you do find one, don’t be afraid to ask questions and pick their brain. Oh yes, and incase I wasn’t clear, crypto is not a good idea for your retirement savings…yet.