Cryptocurrency is here to stay, but Bitcoin and its clones will be obsolete, probably within this decade. Once the fall starts, it will come hard and fast…
…This piece is to explain why you shouldn’t invest in Bitcoin, et. al. and why you should run like the dickens away from this much-hyped internet artifice…
…Cryptocurrency, and particularly CBDC, are a financial innovation that will inevitably be adopted. The only matter at issue is the timing of the wide adoption. There are simply too many benefits for governments both in the USA and among most of the G20 to adopt CBDC. The rise of CBDC will destroy the value of private cryptocurrencies, which are already highly vulnerable as a means of exchange and a store of value.
Eulogy made by J.G. Collins
