The best thing you will read about cryptocurrencies today


Preston Bryne’s bear case for Crypto

If you’re looking for an afternoon read, check out this article on why cryptocurrencies are doomed.

Reading it, I don’t think we’re near the top yet. I’ve said for a long time that $10,000 is coming in Bitcoin and I should probably revise the higher.

The top will be when we’re watching the Super Bowl and there is some kind of advertisement for a cryptocurrency, or something along those lines.

Finally, Bryne makes one great point on the side that argues many more bubbles are coming.

“In a NIRP (Negative Interets Rate Policy) world, enormous demand for higher-risk, higher-yield investment,” he writes.



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