by Chris Campbell
Laissez Faire Books
“People around the world are losing confidence in central bank money,” Jim Rickards said in a recent interview. “When you lose confidence in central bank money, you look for other forms of money and gold is the best.”
Despite all of our talk about cryptocurrencies over the past couple of weeks, we must point out, one more time, that investing in the cryptosphere — even Bitcoin — is a gamble.
Yes, they are exciting. And, yes, some of them will be immensely disruptive. But there are a number of things that, in our shaky global environment, works against them.
If the lights go out, for example, your stash of Bitcoin, Siacoin and Synereo aren’t going to get you very far.