Bitcoin’s value soared to new heights this week, extending a post-election surge as President-elect Donald Trump vows to boost cryptocurrencies. Wealth advisers and personal finance experts say they’re hearing from more people taking a fresh look at the market, but their advice remains: Dip a toe in, don’t dive headfirst.
“My POV on the risks and benefits of bitcoin hasn’t changed much, if at all,” said Samuel Deane, president and CEO of Deane Wealth Management, a financial advisory firm. “Though the incoming administration is pro-crypto right now, I’ve seen enough in politics to know that can change at any time.”
The price of bitcoin traded north of $100,000 late last week after clearing the six-figure threshold for the first time Wednesday, as investors bet on the next administration resetting the rules for an industry that has drawn scrutiny from regulators.
Trump,…
