1. The White House said yesterday....crypto currency does not give you "any fundamental value, nor do they act as an effective alternative to fiat money."
I pondered over this. First, from the forty-odd people around Biden...how many hold crypto currency? I would guess at least five to ten of them....although they won't admit this in public.
Second, to be fair...as you print more cash....the fundamental value of dollars is crap.
Finally....why make a statement like this?
2. Greta Thunberg is apparently going to receive a honorary doctorate degree from a Helsinki, Finland university. Value? Zero, but it gives her a title.
If you want fundamental value today stick with silver and gold.
ReplyDeleteBefore crypto ever came along...for decades...silver/gold were the normal alternate path. I personally can't see any reason to trust crypto, and believe one day (probably 20 years in the future)...all crypto will collapse and everyone holding it will be in utter shock.
ReplyDeleteConcur, with your assessment on crypto.
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