Or so argues Jared Brock . . .

. . .  a few decades from now, Bitcoin and Ethereum will be collector items, not the currency of the global economy. Here are eight reasons why: . . .

. . . 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 if Tesla suddenly stopped accepting Bitcoin, or China banned it and other governments followed?

(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.

More important, take one minute to hear how Hungary went from being a democracy to an autocracy in a single decade.

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.


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