That's what it looks like to me also. Blockchain technology (possibly/probably) becoming mainstream while the coins are invaluable to criminal enterprises and market manipulators.
I've had a SIPP for well over 20 years and have made all my own fund choices, but based on research. I have done minimal research on crypto and have no desire to (it's all a scam with no intrinsic value anyway🤣), so the discretionary fund management approach suits me well.
I understand you comments. I am also a sceptic but if they are hooked in to the whales manipulating the crypto markets they are more likely to generate gains.
Edit: you can convert crypto back into fiat at any time and withdraw. I have done it previously with BTC through Binance. Whether they...
I have just taken a look at SwissBorg, reading some of their Q&As. Is it really as simple as (once you open an account) depositing some GBP or EUR and then buying crypto coins entirely within their app without having to use my Binance wallet or any other exchange? Alternatively, just buying...
I'm with you on this. I lived through the dot com boom and bust in the late 90's,early noughties. If it has no intrinsic value it has no value. I've dabbled in crypto and got out at break even. I still think it's magic beans. Time will tell.
With the disclaimer that I haven't studied Musk's behaviour and utterings on Crypto in any detail, I am old enough to remember when Ivan Boesky, Michael Milken and a few other big swinging dicks got busted for insider trading and manipulating the stock market. It looks to me from a distance that...
Sounds a lot like the early days of personal computers when every man and his dog was making them in his garage but after a few years there were only a few big players.
There must be some here who remember the dot com boom and bust of '99 to 2001. What's the view on the crypto surge? Has The Sage of Omaha bought any crypto?