Crypto in retirement accounts? Are you kidding?

A customer using a Bitcoin ATM inside a cryptocurrency exchange in Madrid. The writers believe cryptocurrency should not yet be an investment option for retirement. – Bloomberg

CRYPTOCURRENCIES are the exact opposite of a prudent investment: They’re volatile, have little practical use beyond speculation and crime, often get lost or stolen, and lack the real-world cash flows that underpin the values of stocks and bonds.

It should thus go without saying that they have no place in a retirement savings plan. Unfortunately, it appears to require saying.