Quote:
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Bitcoin and other cryptocurrencies are speculative investments, in our view. We don't believe that Bitcoin fits within traditional asset allocation models at this time, as it is neither a traditional commodity, such as gold, nor a traditional currency. Bitcoin's dramatic volatility is driven primarily by supply and demand, not inherent value. Bitcoin doesn't have earnings or revenues. It doesn't have a price-to-earnings ratio, price-to-sales ratio, or book value. Traditional value metrics don't apply, so there are no methods for assessing its value that we endorse or find persuasive.
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https://www.schwab.com/learn/story/c...ou-invest-them
Technically, I guess.
Also, when you just copy text from a Google search, it's considered good form to post the source, rather than making it look like you came up with the words. That's called "plagiarizing" but I don't suppose details like that matter in your life.