I’ve written before about cryptocurrencies when they were growing, so I thought it only right that I also comment on them when they are falling. Bitcoin is now trading at less than half of what it was at last November. It’s gone from a peak of $69K/coin down to just $30K. That’s a sad drop for a digital currency that was supposed to help protect … Continue reading Are Cryptos Blowing Away?
With global governments printing trillions of dollars, Euros, Yuan, and Yen to keep economies from going illiquid, I thought now would be a good time to check on Bitcoin. Longtime readers will recall I took a ‘hobby stake’ in Bitcoin back in early 2017 to test my thesis that cryptocurrencies have a role as a more reliable ’store of value’ than government-managed currencies. I have … Continue reading Bitcoin Amid CV19
A few months ago I wrote about cryptocurrencies – like Bitcoin – and shared my son’s experience with it. You’ll perhaps recall he turned $65 into almost $700 in the first five months of the year. That was enough for him to buy an Apple iPad as he headed back to college and bank a few hundred extra. Like many readers who think of cryptocurrency … Continue reading Cryptocurrency Update – Still Growing