With the evolving political and economic landscape, more individuals and institutions are beginning to take cryptocurrency seriously. How significant of a role do you believe digital assets like Bitcoin and XRP will play in the coming years? Additionally, what strategies—if any—are you implementing to prepare for this shift?
Of course, this is not financial advice.

 

No one can accurately and consistently predict the future. That being said it is more likely other governments will move toward a CBDC and the US might too, if de facto not de jure.

The best strategy is to own some but not make it the central part of one's portfolio. I wouldn't have more than 7% of my investment portfolio in crypto, and even that is a bit heavily weighted. Now if you're just speculating with money you can afford to lose, then that's a different matter entirely.

 

All the factors go into investing and decisions about such. There are some that delve deep on the off days and have interests beyond average, others more ballpark.

One can still harken back to the simple ‘investment pyramid’ keeping the tenets in mind. Of course, it won’t be the same for everyone. I knew a guy years ago who was big into silver, like it was just about his only interest and investment. Mentioning the investment pyramid was of little interest to him. He also looked at a lot of HISTORICAL charts on silver prices, imagining the gains had he made great trades. Yes, there have been great runs with precious metals, also very lackluster years.

The answer is, get your house(pyramid) in order, then dabble some in areas of interest, after education on the subject.

 

My attitude towards crypto is that that there's a lot of unknowns, as far as investment potential.

There are a variety of arguments as to what makes it special, and my brother who has expertise in the field will fully elaborate on that, but personally I'm not sold.

That's mainly because I'm not in a position to do highly speculative investments.

As was mentioned, once your financial security is accounted for, no harm at all in dabbling with discretionary money. Some people go to Vegas. I enjoy travel and toys.

The one clearly solid case for crypto is if you actually have something to hide, ie professional criminal. As opposed to an airline pilot who suspects the NSA is out to get him.

 

Your observation regarding the relationship of crypto to crime, fraud and corruption is very important and deserves greater publicity.

The criminal aspect of crypto should make a person pause.
EVERY transaction involving government currencies for crypto reinforces the ability of horrible and harmful people to profit off illegal activity which is compensated/traded in crypto.
It is sort of like buying a condo from a group that you know makes its fortunes from drug trafficking and kidnapping. While the transaction is legal and on the surface innocent, the purchase of the condo is how they complete the laundering of the drug money. The buyer of the condo is a required actor in these crimes.

Crypto is no different.
Buying crypto funds North Korea, Russia, drug lords, and untold others ranging from greedy hackers to viscous monsters.

 

So does cash. Do you want to ban that too?


You make zero sense. If anything crypto is easier to trace than cash. It's quicker to move but easier to trace.
Do you work for the US government or the banks? Because that is the exact nonsensical BS propaganda line that they use "think of the children... or the terrorists will win... every time you buy crypto a puppy dies... etc"

 

If you think that you shouldn't have anything to hide from the government then you are sorely naive and fail to understand the nature of governments. That being said straight crypto ownership is pretty transparent and traceable seeing as it's on a PUBLIC ledger so just buying BTC isn't really enough to hide anything from anyone.

 

Cash requires a physical presence in order to take possession of it.

As for tracing crypto perhaps we are using different or incorrect terminology. But currently there is not a method (that I am aware of) for finding the people behind crypto crime. If there was we could put an end to ransom ware attacks.

 

It's not a matter of not being able to trace it or find them, it's a matter of law enforcement actually putting resources into it AND the perps being in a country where we can do something about it.

 

How you Crypto bros feeling right about now?
🤢🤢🤮🤮