By Marc Lichtenfeld Back in December 2017, when Bitcoin had surged to more than $16,000, I wrote that the only people who should be “investing” in cryptocurrencies were those who could afford to speculate (and potentially lose).
I have never been on board with the arguments in support of cryptocurrencies. Cryptos are made-up assets worth only what the next person will pay for them.
In some ways, they remind me of gold – except gold, at least, is a real thing that has industrial uses and value as jewelry.
Also like with gold, there is no way of valuing crypto.
Supporters will tell you that as governments …read more
