Bitcoin is not an investment. It is not a speculation. It may or may not be a durable form of money; time will tell…

Bitcoin is not an investment. It is not a speculation. It may or may not be a durable form of money; time will tell…

— Bill Bonner (link)

You may make a lot of money in the bitcoin bubble. Or lose it. Either way, don’t take it seriously. You should treat it like a dollar bill on the sidewalk. If you are lucky, you will pick it up before it blows away. If you are unlucky, you will chase it into the busy street and be struck by a crosstown bus.

Easy come, easy go – like an uninvited relative. Neither celebrate its coming… nor shed a tear at its departure.

What good is such money?”

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