In the last few years, the hot topic has been Bitcoin. Record Bitcoin values, Bitcoin billionaires, how to invest in Bitcoin, Bitcoin, Bitcoin, Bitcoin.
Everyone and their grandmother were talking about Bitcoin for a while, and you'd think we cured cancer with the amount of buzz that cryptocurrencies are generating.
But as I fancy myself more of a traditionalist when it comes to investing, I have adopted the view that not only is Bitcoin a bubble, but that it is a fad (and possibly an outright scam).
Proponents tout it as the greatest transfer of wealth the world has ever seen, and my follow up question is, yes, but whose wealth?
The following is why I'm not jumping onto the bandwagon.
The following is meant to be commentary, and is not investment advice. At publication I have no vested interest in any cryptocurrency.