I often wonder how my friends from years past made out with their Crypto assets… 💵

I stayed away as I have a hard time believing its a sustainable investing strategy. It’s not a diversified asset, it’s not based on a physical product and it has few government regulations. So I stayed away.

Granted the people I knew years back who bought Crypto probably did pretty good if they sold it at the high point although if they got out too early or too late they probably would have not made out too well. Seems more like gambling than actually a long term investing strategy. Boring and understandable is good when it comes to money.

I’m also more than a little bothered by the amount of natural resources – electricity, fossil fuels and electronic waste that goes into making the currency grow. The idea that so much resources going into essentially useless mathematical computations seems like such a waste. While many economic activities actually produce real value to real people, Crypto mining just solves useless math equations in the search of monetary growth.