I am more of a conservative type I do not We invest in stuff that can grow and are scalable. We invest in stocks because they can increase in value: revenues and profitability and have functional values for society as food medicine and shelter.
But crypto which is supposed to be limited in number ony 20 m, does not fulfill any of that It can not be a means of paying on line; (G cash is more practical)
Hence we see FTX a company of young kids, engaged in a different kind of relationship, based in Bahamas being able to dupe countless companies of their billions
Hence collapse of FTX and other bankruptcies that are crypto related do not come as surprise. A fellow prof tried to convince me to invest in China crypto. Buffet is against crypto, central banks are against crypto
Are you in favor of crypto?
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