Chris Kline

Yeah, I think most clients, especially in the modern portfolio theory, have a mentality of, I want to actually put my riskiest assets inside my retirement accounts because I know I have the longer time horizon.

I've got decades, not years, not months, but decades where I may or may not need this or hand it down to the next generation.

So Bitcoin makes sense.

We have our volatile days.

We ebb and flow every 18 months.

We get our butt kicked.

But then we soar to new all new all time highs.

So they have a longer time horizon.

I would say with a modern portfolio theory, traditional was stocks, bonds, mutual funds, usually about a third, a third, a third.

And then you just need cash on the sidelines in case you need liquidity.

Modern portfolio theory chart.

carves out probably about 25% from every other sector total into alternatives, which obviously my specialty is crypto and Bitcoin in particular, but our clients, our $12 billion book of business, about $5 billion is in real estate, venture capital, private equity, private shares of stocks.

This is how Peter Thiel got a $5 billion Roth IRA was he took his shares from Facebook, he took his shares from Uber, pre-IPO, pre-placement,

and tuck them into his Roth accounts so that he could, once they came to maturation, he's got this giant tax-free bundle waiting for him.

First is you don't necessarily have to take it out to change your asset allocation strategy.

So let's say you did really well with Bitcoin.

We have folks that started in 2016 at $100, $200 Bitcoin, and now they've said, okay,

Maybe I've made, you talked about this at the conference, maybe I've made enough money.

I saw it go from $100 to 100,000.

I feel like a winner.