6 days ago
Bitcoin in Your 401(k)? That's Not a Risk I Would Take
As they enter the financial mainstream, cryptocurrencies present both investors and consumers with new kinds of dangers.
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I have long been a crypto skeptic, but as it worms its way into America's financial infrastructure, it is getting harder and harder for me to maintain the argument that it will crash and burn. So I have revised my opinion. Crypto does have a future — as a speculative asset that enhances risk for gamblers, the paranoid, and less sophisticated investors, all the while diverting capital from more productive uses.
See? I told you I had changed my mind.
