Some, including Herron, see Bitcoin as part of a broader investment strategy, particularly for younger investors who have a time horizon of 25-30 years and a penchant for digital finance.

He wouldn’t recommend anybody rush to put their emergency savings in the cryptocurrency. But he does see it as part of an overall mix that might “juice your returns a little bit” in today’s low-rate environment. “You might consider it if you have the ability to maybe put 5% of your portfolio in there, and just let it rise and see what happens,” he said.

Theresa Morrison, founder and partner at the Tucson-based financial advisory Beckett Collective, also sees the cryptocurrency as an investment in the future. She feels that as “the native currency of the internet,” it may work well as an inflation hedge if clients hold small amounts, such as around 1% of their portfolio’s value.