Or so argues Jared Brock . . .
. . . which he follows with . . .
People Aren’t Actually “Investing” in Cryptocurrency, They’re Just Gambling “plus they’ve completely lost their ability to discuss it sensibly.” He offers amusing examples.
It won’t take long to read both.
Crypto, as I’ve suggested, isn’t a hedge against inflation; it’s a bet that the established order will collapse, with government-issued currency worthless when you shop for milk and eggs or a Tesla.
Because it’s hard for me to imagine such a world as anything but chaotic and dystopian, I’d rather not bet on it.
(And what of the fact that every time you spend cryptocurrency — if it’s gone up — you have a taxable gain to report?)
Read Brock and see whether you agree with some of what he has to say.
It is chillingly relevant.
Putin and the other journalist-murdering kleptocrats are winning.
Trump and his enablers plan to.
If you have eight minutes, watch the whole thing.
Quote of the Day
I like to buy [stock in] a business any fool can run because eventually one will.~Peter Lynch
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