I claim to have virtually NO understanding of “crypto
currency”.
And that sentence above illustrates the limits of this “thing” as an investment vehicle.
Because you have at least 2 GENERATIONS of older investors (you know, the generations that actually have most of the $$$ to invest) who have no understanding of this “crypto” concept.
And the #1 rule of investing is: ONLY INVEST IN WHAT YOU UNDERSTAND AND HAVE EXPERIENCE WITH.
Obviously, with the passage of time, this will change, but right now - unlike more traditional investment vehicles - crypto has a “generationally-limited” appeal.
(Don’t try to explain it to me. 110% not interested. Life’s too short and I have lots of better things to do at this stage of the game. ;>)
I was listening to Warren Buffet and he said, (Words to the effect.) “Own a stock and you own a piece of something that produces an income. Own gold or Bitcoin and you own something you hope someone else will buy from you at a higher price. (Often called the “principle of the bigger fool.”) If you go back to the time of Christ and move forward, you’ll see that gold has simply kept pace with inflation. Put a dollar in and later, after inflation you’ll get the same purchasing power back.” I actually don’t think that’s true of bitcoin. I think it’s being held up by hope. It’s the modern equivalent of tulip bulbs.