I have a friend, let’s call him Joe, who runs a small restaurant and is really upset about the recent stock market declines. I can’t blame him. We’re in a bear market now. It’s ugly. So, what does Joe want to do? He wants to take some of his assets out of the market and bet it all on — God help us — cryptocurrency in a desperate effort to keep his business running.
No! Just no!
That’s literally jumping from the frying pan into the fire. Yes, I’m a crypto-cynic. As far as I’m concerned, Bitcoin, Dogecoin, Ethereum, all the cryptocurrencies, are one big con job.