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I think Bitcoin is interesting to watch. It is pure currency speculation similar to gold, tulips, baseball trading cards, Beanie Babies or anything else whose value is only in what the next person is willing to pay. A fast buck can clearly be made with it but risk of loss is real. A fast buck can also be made at the roulette wheel, Blackjack table, or playing the Lotto. Is it a genuine tangible asset? I don't know. The key difference between Bitcoin and gold is that gold has been widely accepted as a store of value for 5000 years. Bitcoin has been recognized as a store of value for 10 years.
Not really my style of investing. I prefer to get rich slow by investing in RE and the entire US economy which actually produce income streams and are not likely to simply disappear into the ether overnight. YMMV
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2021 Cayman GTS 4.0L
2020 Macan (dog hauler)
Last edited by Cajundaddy; 12-24-2024 at 10:23 AM..
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