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re: Bitcoin Commentary from Krugman
Posted on 1/1/18 at 10:08 am to olddawg26
Posted on 1/1/18 at 10:08 am to olddawg26
quote:
If you aren’t putting your money into bitcoin you’re pretty stupid
Let's just say you're a libertarian minded person doing international business. You can't use bitcoin like cash, at least not in its current state. Cash is not meant to be an investment vehicle, with all the risks that implies. The dollar and the euro may vary slightly in value day to day, but they primarily act as a medium of exchange and a store of value for future transactions. IMO, for all the ballyhoo bitcoin advocates have made about speculative returns, they've inadvertently harmed the notion of using bitcoin like cash.
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