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The rich (a trite generalization, but leaving that aside for now), appear currently undecided about the future of cryptocurrency. Today, it's delivering good s
by __d 5y ago
The rich (a trite generalization, but leaving that aside for now), appear currently undecided about the future of cryptocurrency. Today, it's delivering good speculative returns as the supply of greater fools continues. And it's a good experiment in making cross-jurisdictional transfers easier. If at any point it actually threatens the status quo, it's easily destroyed.
So, for now, I see an opportunity for the lower (financial) classes to buy in, and make the kind of returns that they seldom see. A few more nouveau riche are no danger to the system.
But I suggest paying attention to the old adage: "invest no more than you are prepared to lose". Judicious realization of gains into a diversity of other assets will mean that when/if the music stops, you're left with something.
Personally, it doesn't pass for my ESG guidelines, and I'm prepared to forego the possible returns.