Making sense of the markets this week: May 22 May 21st

All that glitters is not Crypto

“It’s going to replace the world’s currency for day-to-day transactions.” they said.

“The fees are lower, and it’s way better than banks,” they said.

“It’s digital gold,” they said.

“Worst-case scenario, it’s a great addition to a portfolio because it will fight inflation and diversify your returns due to non-correlation with stocks,” they said.

Whomever “they” are….

I admit, that when it comes to cryptocurrencies, I’m not at all impartial. 

For the last three years, I’ve tried really hard to wrap my head around bitcoin, ethereum, and the rest of the crypto world. I’ve watched the documentaries and I read everything from books to blog posts. I know what blockchains and cold wallets are. I’ve even interviewed several people about the pros and cons of investing in cryptocurrency…