Up Because It’s Up
This article appears as part of Casey Weade's Weekend Reading for Retirees series. Every Friday, Casey highlights four hand-picked articles on trending retirement topics and delivers them straight to your email inbox. Get on the list here.
Weekend Reading
Bitcoin just surged to a new high, marking a 55% increase in the past year alone. But before this dramatic rise tempts you into the world of cryptocurrency, it’s worth asking: Why is it up? And more importantly, what does that mean for you, your retirement, and your peace of mind?
READ THE ARTICLEWhat to Consider: This article offers a sobering reminder that not all that glitters is gold. Bitcoin is benefiting from what economist John Maynard Keynes called a “reverse beauty pageant”: we’re no longer investing based on value—we’re guessing what others will value next. Bitcoin isn’t necessarily up because of what it is—it’s up because everyone thinks it will keep going up. New bitcoin ETFs, political support, and a wave of investor enthusiasm are partly fueling its rise, but the deeper driver is human psychology.
Key Takeaways: As you navigate retirement, it’s tempting to chase big returns. But meaningful retirement planning isn’t about getting caught up in the next big thing—it’s about aligning your investments with your values, your purpose, and your future security.