Add Comment
All Comments Hide marked as read Mark all as read
- 2Posted by WDonway 11 hours agoAs I argue in the article, nothing will make Bitcoin, or crypto, a replacement for gold. The answer to the question in the title is "NO." My son mentioned today that at an Objectivist summer seminar 15 years ago, a guy urged him to put just $5000 in Bitcoin. That would be worth $444 billion today. That is not money. It represents NOTHING in the real world but speculative frenzy over a novelty. But the blockchain itself has many valid uses.| Mark as read | Best of... | Permalink
- 1Posted by $ Abaco 8 hours, 59 minutes agoMy question is what will replace real estate as a hedge on inflation? Classic cars? Haha...I jest a little. But, these are relevant questions now...| Mark as read | Best of... | Permalink
- 1Posted by WDonway 6 hours, 12 minutes agoYou know, without researching it, I have only my "impression," but my impression is that real estate has been the prime investment and hedge against inflation, more so than other investments, for most Americans. For all that I invested and saved and tried stocks and gold...the home I bought in East Hampton for entirely personal reasons, ended up saving my retirement years. Over time, investments in Bitcoin have been perhaps the most wildly speculative, and wildly successful, of any. $5000 in Bitcoin 15 years ago would be $444 billion, now. That means nothing to anyone. It means that Bitcoin is not conceivably "money." Gold, by contrast, has acted perfectly as "real money" and has been among the best (sane) investments you could make. Thanks for taking a moment to comment!| Mark as read | Parent | Best of... | Permalink
-
-
- 1Posted by freedomforall 18 hours agoWill AI break crypto or make it better?| Mark as read | Best of... | Permalink
