“FTX Files for Bankruptcy” FTX, a highly popular cryptocurrency exchange, filed for bankruptcy on November 11th, 2022. The exchange, which was founded by Sam Bankman-Fried and Bill Liao in 2019, had quickly risen to become one of the top crypto exchanges in the world. However, the company’s rapid growth was Read more…
A dated commodity will never have a positive expected return – Bitcoin does not have a positive expected return over the long run. An investment into cryptocurrency and Bitcoin can prove to be profitable but it’s akin to buying a lottery ticket rather than buying a proven asset which builds Read more…
The Pros of Bitcoin The pros of cryptocurrency are straight forward: Avoiding government regulation (if you’re into that), Evading taxes (again, if you’re into that), possibility of extreme losses and gains, and trustless monetary value exchange. The Pros of investing in it as a long-term asset for wealth building are Read more…
High Risk, High Reward? I did not figure that I’d feel compelled to write about cryptocurrency but seeing as how many of my friends and fellow investors are buying cryptocurrencies, and ones in particular I feel are bad investments – I felt a little personal responsibility to state my opinion Read more…