"Bitcoin, Not Crypto" w guest Morgen Rochard, CFA, CFP®
Host of "Bitcoin for Advisors" shares why she recommends investing in bitcoin, but not into altcoins. Nocoiner John has concerns about why Bitcoin's creator Satoshi Nakamoto remains anonymous.
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Thank you Morgen Rochard for bringing the orange-pilled professional financial advisor view to “Bitcoin, for a better world!”
A Bitcoiner since 2013, Morgen finally left the mainstream financial analyst and advisor world (of Meryl Lynch, UBS) to become a fee-only consultant to individuals and to other financial advisors curious about bitcoin investing. She shares with us why she advises financial advisors to help their clients invest in bitcoin, but not other altcoins. Her position is that bitcoin already is perceived as the risky end of a balanced portfolio, and including other altcoins introduces much more risk.
Among many other details, Morgen “goes against the grain” of many Bitcoiners by not favoring a 100% allocation of one’s portfolio to be “bitcoin only” largely because we are not in a bitcoin-only world yet, and she stresses that bitcoin should not be purchased with dollars which you might need in the next one to five years.
Full Bio: Morgen Rochard is the founder of Origin Wealth Advisers, an independent, fee-only practice dedicated to helping bitcoin families align their finances with their life goals. She is also the founder of Money Owners, a bitcoin financial consulting practice. Morgen is a fee-only CERTIFIED FINANCIAL PLANNER™, Chartered Financial Analyst and Registered Life Planner. Prior to founding Origin, Morgen managed portfolios at UBS Financial Services and Merrill Lynch. She also was a trader at Trinity Derivatives Group as an equity options market maker. She has two podcasts, called Money Owners Podcast and Bitcoin for Advisors, on money mindset and bitcoin respectively. Morgen also wrote a book called the Personal Finance Quickstart Guide and is currently working on a Bitcoin Personal Finance book.
“Nocoiner John”
and our producer William Atkinson also joined me in an early discussion about why the “creator” of the Bitcoin protocol may have chosen to remain anonymous. I posited that the (sometimes forced) closure of all “early digital currency” projects and companies may have been a primary factor. These “slides” will help you follow that part of the conversation, before Morgen comes on.
We also spoke a little about the Ethereum Merge and I recommended the article “A Bitcoiner's Guide to Proof of Stake.” Please follow “Bitcoin for a better world”’s Facebook page and scroll down to see the “ones on my phone” which I read aloud.
Next Week: Jason Sellers will share more about why he feels Ethereum is a project to warn newbie Bitcoiners and the bit-curious to avoid!
Newbie? This is not intended as financial advice, but I usually refer first-timers (U.S. citizens) to www.SwanBitcoin.com/guymalonecbp (affiliate link) to connect your checking account to make one-time or recurring debits to your bank account to purchase bitcoin (KYC required but see here when you’re willing to deep-dive). Swan has fantastic customer service and is 100% committed to your education!
Click here to consider an allocation of bitcoin in your 401k or IRA planning.
