Investor CAFÉ

Are Bitcoin and Cryptocurrencies for Real?

“If you’re stupid enough to buy Bitcoin, you’ll pay the price for it one day.” — Jamie Dimon, CEO, J.P. Morgan Chase

“Bitcoin should be outlawed. It serves no socially useful function. It’s a bubble and when the government starts regulating it, it will collapse.” — Joseph Stiglitz, Columbia University

Famous last words!

Like many of you, I’ve been following and even investing from time to time in Bitcoin, the premier digital currency that is making all the headlines.

Its price just cleared $10,000 this week, but with tremendous volatility. The digital currency has fallen in half several times on its way to new highs, but clearly there is a lot of speculative fever in the cryptocurrency mania.

To read the rest of this article on Bitcoin mania, please click here.


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