Mark Falter says that Bitcoin is here to stay. There is a lot of hype and there is a bubble formulating in this area but certain types of this type of currency will be around and worth a lot more in 10 years. There are numerous types of cryptocurrency available , Bitcoin was one of if not the first.
Mark has heavy concerns about some of the other forms of currency. They can be a major venue for money laundering. Very much like the .com companies in the late 90s, over priced over valued , but there were a lot of people made a lot of money on them and many of those .com’s are still around today (Yahoo, Amazon etc, eBay).
The major problem we have with cryptocurrency is it is inviting a “Den of thieves” and is something that someone doesn’t want to go into blindly. The “Blockchain concept” makes in nearly uncrackable, and if done right can be very safe. One pf Mark’s major concerns is it’s all very unregulated, the SEC can regulate the sale of this fund but Cryptocurrency itself they can not. Full Disclosure, Mark owns Bitcoins.
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