Friday Crypto's virtue is that they have a degree of anonymity and can be used to shift funds to less unfriendly jurisdictions. A lot of 'money' was got out of China and into Australian real estate using cryptos. Apparently anonymity is no longer certain, though I don’t know that personally. My quibble with the Bitcoin aficionados is the claim that Bitcoin’s … [Read more...]
Gold and Bitcoin
Thursday I am asked regularly for my opinion on bitcoin etc. Even two of my sons have recently expressed interest. I understand the thrill of a speculation that is going through the roof, but I also understand the danger. It is a speculation, not an investment. A speculation requires a bigger fool and in a world of peak stupid that has been a good bet. But when the … [Read more...]