What is Cryptocurrency? Cryptocurrency (or "crypto") is a type of digital currency that exists only online. Unlike cash, it’s not issued by a bank or government, but managed by complex computer systems and recorded on a public ledger called a blockchain. Its value is based solely on what people are willing to pay for it, and you can use it for certain online payments or invest in hopes its price will rise. Downsides of Crypto in Retirement Accounts Extreme volatility: Crypto prices can lose 75% or more of their value in a short period. This makes it especially risky for retirees who may not have time to recover from big losses. Potential for total loss: Crypto could become worthless if confidence collapses, or if regulatory or technology changes undermine it. High fees: Many crypto retirement accounts have costly setup, trading, and maintenance fees, often much higher than traditional investment options. Lack of income: Cryptocurre...