by James Rickards
Daily Reckoning
It was another bad day for the stock market today. The major indexes were down big on fears of rising Treasury yields (I don’t believe they’ll continue to rise, but that’s a story for a different day).
Are you thinking of parking your money in cryptocurrencies like Bitcoin as an alternative to stocks?
I’m not here to tell anyone what to do with their money, but you might want to think twice…
China just made cryptocurrencies illegal in the world’s second-largest economy. No transactions in cryptos are to be allowed, nor is cryptocurrency “mining.”