NAPA Net - Polling Places 030521

Are You Big on Bitcoin?

Maybe it’s the concern about future inflation, perhaps worry about what the economic impact of COVID might be, or it could just be a growing cognizance of the rapid increase in the value of that digital currency called Bitcoin – regardless, some are now talking about it as a retirement investment – and perhaps even a retirement plan investment.

In fact, a recent poll conducted by deVere Group of clients over the age of 55 found that “70% of those surveyed are already invested in digital currencies or are planning to do so this year.”

This week, we’d like to know – what are your thoughts about Bitcoin as an investment – for your own personal accounts, or perhaps as an investment option in a workplace retirement plan. Or, considering the investment acumen of most participants, is that a bridge best left uncrossed?

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* 1. Let's start with the basics - have you made a personal investment in Bitcoin?

Yes - a while back.

Yes, but only fairly recently.

Not yet.

No.

I don't even know what you're talking about...

Any comments?

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* 2. Has it come up as a retirement plan investment option with your plan sponsor clients?

Yes.

Yes, but only in passing.

Yes, but only in a couple of cases.

Not yet.

No.

You're kidding, right?

Any comments?

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* 3. How do you feel about Bitcoin as a defined contribution plan investment option?

Already doing/recommending it.

I think it's about time.

I don't really have an opinion on the subject.

I don't think it makes sense.

You're kidding, right?

Any comments?

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* 4. OK, last question; how're you doing (check all that apply today)?

I'm good.

I'm great.

I'm hanging in there.

There are good days & not-so-good days.

What day IS it, anyway?

I'm as good as can be expected.

want to expand on that?

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* 5. Other comments about Bitcoin, investment in Bitcoin, the wisdom of investing in Bitcoin, the timing of investment in Bitcoin, the need for an investment like Bitcoin, the crazy level of pricing volatility in Bitcoin, the "buzz" around Bitcoin, or life in general?

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* 6. What is your role working with retirement plans?

Advisor

Provider

TPA

Plan sponsor

Recordkeeper

Wholesaler

Consultant

Other (please specify)

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* 7. What size plans do you PRIMARILY work with?

Under $10 million in assets

$10-$20 million

$20-$50 million

$50-100 million

$100 million - $250 million

$250 million - $500 million

Above $500 million

Other (please specify)

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* 8. Suggestions for future survey questions? Seriously - what would you like to know about/from your fellow NAPA-Net readers? Or what would you like to be asked?

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* 9. All responses are confidential, of course - but just in case you would like a response - or want me to know you responded - or just want to say hi - here's your chance to do so (don't forget your email)!