A long, long time ago … way back in the fall of 2021, I received an email from a gloating Bitcoin investor, which went something like this:
Jill, you have been a crypto doubter and thankfully, I ignored your BAD advice to limit my allocation to five percent of my investments. I
have made a ton of money and you (and other Boomer finance people) don’t understand that Bitcoin is the currency of the future. Get aboard the Crypto Express or you will be left stranded at the station.
There were a bunch of expletives that I omitted from this note, but you get the drift.
I had discussed crypto a lot throughout 2021, as its value soared and my premise was simple: It’s fine to nibble at a new (and volatile) asset class, but be clear that unlike more common investing decisions that can be quantified by corporate earnings, cash flows, the general economy and interest rates, a bet on crypto was just that – a bet.
As far as bitcoin and other crypto assets morphing into the means through which the...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...