Wednesday, 25th July 2018
Mixed signals & opportunity….
I had intended to bring you my idea of the next big thing this week….
But that can wait. It isn’t going anywhere. And my attention has been focused on something else over the last few days….
I’m starting to get very interested in the mixed signals we’re getting about cryptocurrencies….
- Don’t get me wrong….
Now, people will say that I’ve been negative about cryptocurrencies myself in this column….
But that would be to miss the point….
I was negative about the price activity of Bitcoin last summer….
I believed that prices were in a speculation bubble that was unsustainable and sure to end in tears….
And I was right about that. 100% right….
But I am not and have never been negative about cryptocurrencies as a concept….
I believe cryptocurrencies have a role to play in the future financial system and that they are here to stay in one form or another….
So, it is very interesting to me that so many dyed-in-the-wool financial establishment people and institutions are out there banging the drum AGAINST cryptocurrencies….
- A bombardment of negativity….
In May, mild-mannered octogenarian super-investor, Warren Buffett, described Bitcoin as ‘rat-poison squared….’… Click here to read more