It's still hot air
Bitcoin has again passed $US100,000 but is it worth a single cent? As I sit reading about the value of Bitcoin, I see favourable predictions for its future but I still can't use it to pay for the coffee I am slowly drinking. The article does contains warning about the volatility of cryptocurrency in general but doesn't place too much emphasis on it being just a piece of fiction, a computer's algorithm pulling in so many hopeful followers.
Like most retired baby boomers I have some money available to invest but am more likely to put that into the stock market, another often volatile investment, but one based on companies that make or lose real currencies. I also pay for proper financial advice and Bitcoin has never been suggested.
It might be the grumpiness of old age but I am not going near cryptocurrencies out of common sense and fear and only laugh at the idea of paying for a Meme including those from President Trump. It's like a balloon, it doesn't matter whether it's a big or small balloon, apart from appearances, as it's still just full of hot air.
Dennis Fitzgerald,
Melbourne, Australia
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