Not to start an argument pro or neg on cryptos I couldn’t put money in them if I wanted to, but I don’t get this- if you make a fortune off cryptos by cashing out doesn’t that mean you took money back into govt. backed currency? Which means you don’t think cryptos are the future which means it’s a speculative bet based on it going up as you’ve sold to make a fortune? Or is the fortune by holding cryptos and hoping you’re going to be rich if they takeover and govt backed currency become useless. Because I don’t understand if it’s a currency it’s hyper inflating which is bad, if it’s a commodity it has no genuine intrinsic (the tech almost definately does but who knows which coin in the future??). Just wondering your views on this as someone who trades/buys them, and no while warren buffet wouldn’t buy micro caps, he also buys entire company’s frequently haha so we don’t always play on the same field
SP in one year?, page-64
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