Even as investments and corporations work hard to create ETF's with Bitcoin and other crypto the real question is how much can you hold in your hand? I'm not sure about you but the 2,000 I put into crypto is like air to me. I also find the very idea of crypto is souring in my mind. Oh, six years ago I found it interesting but never was I over whelmed by get rich crypto fever. Much like gold fever of the past, most people do not make money, they lose money instead. Since I tend to HOLD all assets. I have vinyl lp's that I have owned since 1971 or 1972. Books I have owned for 30 years. I tend to hold on to items I spend my money on. My turntable I have owned for 40 years. It works fine. Crypt is no different. I still have the 2,000 I spent orig and have not spent another dime in crypto for 5 years now or there about.
The more I watch the governments of the world I can see that crypto currency is something they will do all in their power to control it. I can see a day one all crypto is funneled through one faucet controlled by government. They will have the power to kill crypto or control crypto or it will become a black market product. I believe they will regulate crypto out its current form and force all crypto to flow through their faucet.
Thus the death of crypto as well as bank accounts, investments, stocks, bonds, i.e. digital assets.
They cannot kill silver and gold. It will always be around. It can be hidden in places even governments cannot find.
Gold and silver have been here for a long time and crypto is nothing from my point of view nothing but a way to get the public to move towards a digital cashless society. I have no faith in crypto currency even though I own $2K and that is more than most l human beings on the planet even at this small level of ownership, I still own more than 90% of all human beings. Think about that.
And now if you think of gold and silver and you will find its pretty much the same. The gold and silver markets are small and soon crypto will over take silver and probably gold at sometime because people have been fooled into believing US Dollars are an asset. When if fact they are just debt based I.O.U. notes from a private corporation called the Federal Reserve Bank. Fake Money with only the threat of use and nothing of value backing the currency. I recently heard bitcoin and crypto referred to as "digital air" says Bill Holter. That seems an appropriate definition of digital currency period. No matter if it is digital numbers on a back account or a check or electronic payment bonds, stock, treasury notes, US Federal Reserve notes seem to all be simply AIR with no substance to breath life into them.
