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I talked to one of them and asked what the source of the accumulated wealth is that supports cryptocurrency. He gave me a deer in the headlights look and admitted that he had no idea.

I have seen that look. My contemporaries (millennials) are fond of crypto but haven't a clue what they're playing with. Me, I flip real estate. You can see it, touch it...sometimes I have to fix it but by God it never vanishes overnight.

I deal in real estate too. It has intrinsic value beyond gold, silver or any currency, and the amount available is very constant compared other assets, it's availability inexorably declines as the population grows. It has uses that produce goods, as well as a place to live and/or income.

You can see it, touch it...sometimes I have to fix it but by God it never vanishes overnight.

You have to fix it, insure it, pay taxes on it, keep it warm enough so the pipes don’t freeze, etc. You also have to evict deadbeat tenants when they don’t pay.

I have dabbled in RE and it’s a pain in the butt. It kept me up at night far more than most investments.

Over my lifetime, I have had one really large RE windfall, two modest profits, two break evens, and two losses. The windfall was great, but also kind of dumb luck. Due to a transfer, I brought at the right place at exactly the right time. In hindsight, the best place to buy LE ever was CA in the post war era. Sadly, I did not live there.

My favorite investments have been some good performing no load mutual funds (Fidelity and Janus are my faves) and a few good dividend paying stocks. I love watching my qualified dividends rolling in.