Cryptography is not worth it. There is no bill, no money, no money.
A friend who regularly reads both Econlog and my Financial Times on Substack and my posts feels the following emails:
I talked to a friend, a wealth manager of JP Morgan, but he advised clients with Apopoptite to consider investing in “cryptociography” more risk and volatility. 。 Probably sub -THING like encryption.
Traditional economists seem to evaluate the cryptographic economy from the rear view mirror. Recent FT articles have repeated general assumptions as accepted reality. The encryption, “You don’t have a unique value.”
I sold BouchT and sold it when it was still below $ 100 in August. In fact, I think that specific investors should consider them in the cryptographic areas. I plan to do so in 2025.
What do you think about the future of the code in the world economy?
This is my answer:
I do not know the future of encryption. No one will do it. I do not obey the law. However, when I talk to a friend who buys and holds a cipher, I usually hear more than one of the three reasons. There is a reason here, along with my comments on each.
(1) Hedge for inflation.
that’s right. It is volatile, but it is a hedge for inflation.
(2) It is a way to keep the assets away from the government that disturbed the PR search of the government.
I don’t know enough about this, but my impression is that it doesn’t mean that the government has a serious way to penetrate the veil.
You may want to comment on this site for those who know more than me.
(3) It is a reasonable asset to hold it as part of the diversification strategy.
This makes sense. It reasons why I do not invest in the cipher. The basic answer is that I don’t need to. My wife and my wealth are considerable, and we are diversifying enough, and the shares and property of market indexes (mainly not only our house, but also large apartments) There is. Wooord needs to pay attention.
I would like to point out the criticism of the cipher that “you are not worthwhile.” Of course not. But I do nothing. The value is subjective, as I learned from the limit revolution in 1870 economics. It is in the viewer’s eyes. Certainly, it is the pillar # 7 of my 10 economic wisdom.
The critic may have now gained that Crypto is not like gold because gold is used in non -financial use. it’s true. Crypto, the bitcoin that I know most is similar to a paper dollar. There is no non -financial use for paper dollars. (Well, it’s not Kito. In one of my drawers, when the Canadian government introduces Rooney, there is a $ 1 Billhan in Canada.
