I share a story about when four separate people asked me about “investing” in cryptocurrencies, as well as my thoughts on Bitcoin and other crypto-assets.
This coin/blockchain mania is not much different than the Beanie Baby mania of the late 90s. Beanie Babies were released in a limited quantity (the key word), and thus the price kept going up.
I haven’t written anything about Bitcoin because I find myself in an uncomfortable place in agreeing with the mainstream media: It’s a bubble. Bitcoin started out as what I’d call “millennial gold” – the young generation looked at it as their gold substitute.