We have a trillion dollar announcement.
- American investors have linked account values totaling over $1 trillion* to their Personal Capital dashboards.
- Personal Capital now offers cryptocurrency tracking as a beta feature.
- This new feature is a nod to bitcoin, which last month topped a market value of — you guessed it — $1 trillion.
Investments are a key piece of a person’s net worth.
Your stock portfolio, bonds, employee equity, retirement accounts, real estate, art, and gold, in addition to cash accounts, have always been trackable in Personal Capital’s free and secure financial dashboard.
Over the course of 2020, American investors linked 28% more assets to their financial dashboards for a total of $1 trillion in total account values — more than 2% of all U.S. investable assets.
That’s a lot of investment.
Today, on the heels of bitcoin reaching a $1 trillion market cap, we’re announcing the ability to add crypto tracking to your Personal Capital dashboard.
“Today’s investors tend to have complex financial lives,” said Jay Shah, President of Personal Capital. “It’s not uncommon for people to link 12 to 15 accounts on their personal dashboard.”
Now, your cryptocurrency can be tracked alongside your other financial accounts.
Here are five fast facts you need to know about Personal Capital’s new crypto tracker.
1. We Pull Tracking Information From Public Data — Not Your Wallet
You do not link your own personal wallet information to Personal Capital. (In other words, no need to track down that password.) Instead, Personal Capital pulls public data for a secure glimpse at the price of your tokens.
2. You Can Add Bitcoin and Beyond
Personal Capital is able to track thousands of tokens across hundreds of exchanges. From Ethereum to Litecoin, we’ve got your crypto covered.
3. You Link Your Crypto as a Manual Account
So how do you add your cryptocurrency to your Personal Capital dashboard?
Just as you would for gold or art, you’ll be able to link your crypto as a “manual portfolio” by selecting Cryptocurrency under Manual Accounts.
- Name your account
- Add your currency’s symbol, exchange, and quantity
- Track your crypto’s value
4. The Feature is in Beta
Crypto tracking is now live for all investors who use their Personal Capital dashboard to track their money and plan for the future.
5. Crypto Tracking Comes as a Response to (Some) Investors’ Wishes
During the global pandemic, at-home investors showed us they want quick access to their holistic financial picture:
- We saw a 15% increase in new dashboard members
- Monthly login frequency increased by 10%
- One survey by Cornerstone Advisors found that 15% of American adults now own some form of cryptocurrency, and more than half of those people invested for the first time during the first six months of 2020
Vince Maniago, Personal Capital VP of Product Management, said the Personal Capital dashboard is designed to show people their complete financial picture — no matter if that includes one 401k, a dozen credit cards, crypto, or any other combination of assets and liabilities.
“We recognize that tracking cryptocurrency investments is becoming increasingly important,” he said. “By adding these new tracking features, you can literally see everything on your dashboard.”
Here’s What $1 Trillion Looks Like
How much will Personal Capital track in cryptocurrency? Only investors will tell.
Until then, here is a visual of the truly massive amount of our dashboard users’ $1 trillion in linked assets (inspired by this PageTutor.com post).
First, let’s start with the $100 bill.
Taking a big leap, here’s how $100,000,000 stacks up.
And then, we’ve got the truly overshadowing $1,000,000,000,000.
To those who use our free financial dashboard, thank you for tracking (and analyzing and preparing for the future of) your money with us. We’re just getting started.
Ready to join the 2.8 million U.S. households who take control of their finances with Personal Capital?
* as of 1/31/21
Cryptocurrency tracking is a BETA feature still under development. Pricing may be delayed. Information by CryptoCompare.