If we want to strengthen the economy we have to liberate it from the shackles of government. We have to weaken the government to strenghten the economy. We need a much smaller government. But that is not what Donald Trump wants. Trump spent most of his speech talking about ways to make the government bigger! (SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA), Nasdaq 100 Index ETF (QQQ))
Mar 2, 2017
Bitcoin: Too Volatile For Being Considered As Money
The volatility of Bitcoin is too great on a daily basis to price in it. It is a speculative asset, people own Bitcoins because they think it will be more valuable in the future.
Mar 1, 2017
Bitcoin Is Not Money, It's a Speculative Asset!
Bitcoin is not digital gold, it is digital fools gold. Today's Bitcoins can be tomorrow's Bitty babies. The whole principal behind Bitcoin was to replicate the properties that made gold uniquely suited to be money, act as an alternative to fiat currencies but it is not really viable as money, it is a potential medium of exchange but it is not a store of value. Meanwhile nobody really uses it as a medium of exchange, it is a speculative asset, people own it because they think it will be more valuable in the future but it has no intrinsic value of itself.
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