Is Cryptocurrency a Good Investment? There Are Supporters and Skeptics – Market Realist

Whether or not cryptocurrency is a good investment depends on who you ask. Eric Ervin, the co-founder and CEO of Blockforce Capital, wrote in a Forbes post that even the most cynical Bitcoin bear should consider investing in cryptocurrency. He said, Cryptocurrencies have the potential to offer even more utility as a form of money than traditional central bank currencies. According to Ervin, Even Facebook recognized the fact that the antiquated bureaucratic, banking system is ripe for disruption, but even they were shut down by the incumbents who fear the loss of control rather than embracing the unlocked potential that free and open capital markets can offer.

But Peter Mallouk, the president and chief investment officer of Creative Planning, Inc., thinks that bonds are a safer bet than speculative investments. Its a lot sexier and interesting to buy things like cryptocurrencies and gold and silver, he said in a CNBC video. What do those have in common? They dont bring any income to the investor. What those do is, were just buying them on the idea that someone may pay more for them in the future.

Mallouk also said, Its possible thats right. Im not saying that if you do that, youre automatically going to lose money. But what it is, is its moving from the investing world to the speculative world, and in the speculative world, theres a lot more risk, which is why you see a lot more booms and busts.

Go here to read the rest:
Is Cryptocurrency a Good Investment? There Are Supporters and Skeptics - Market Realist