Monday, May 6, 2019 3:30 PM - 4:30 PM
Wealth Management Administration Analyst
MB FINANCIAL BANK, NA
A few years ago, Bitcoin was a term known by a small subset of people who bought and solid illicit goods through a “back-door” version of the internet. As Bitcoin gained popularity, its uses broadened to more traditional transactions; online retailers began to accept it as payment and by mid-2017 there was a global explosion in popularity. Investment advisors and even the CEO of JP Morgan began commenting on Bitcoin both positively and negatively. Users/investors soared, and the prototypical Bitcoin owner broadened drastically. Arms see more Bitcoin (and other cryptocurrencies) questions, requests, and holdings, it is important to know how to address these topics with clients. This session will discuss the implications and legitimacy of Bitcoin as at money and as an investment tool as well as the risks associ-ated with treating it as such.