Dec 04, 2020
This Total Wealth is about something different today.
It’s about you, me, and the country. It’s about the whole COVID-19 picture, at least the picture we think we see. It’s about the surge in the U.S., Europe, and elsewhere, but not in one country.
It’s about what you think is going on, what you think we should do, or shouldn’t do.
Yes, I’m “isolating” but I’m not isolated. I’ve got a huge audience here and I’m calling on you to help us all understand how you all feel. And why we’re suffering and China’s not.
So, please send me your comments, experiences, thoughts, and what you believe we should be doing.
Let’s dive in…
Dec 02, 2020
Blockchain is here to stay. Bitcoin, maybe not so much.
Just because bitcoin made a new all-time high of $19,920 on Monday (enthusiasts round that up to $20,000… close but no cigar), which is “about” $137 higher than its previous high back in 2017 (all over the Internet you’ll get different prices for the old high, hence the “about,” from BBC news), it doesn’t mean squat.
Why not? Because bitcoin is like ether, or Ethereum if you prefer; it’s made up. It’s made out of, make that mined” out of, thin air.
That doesn’t mean it isn’t a store of value, though it isn’t. It doesn’t mean it isn’t digital gold, though it isn’t. And it doesn’t mean it isn’t perfectly “permissionless,” perfectly fungible, perfectly private bearer e-cash, though it isn’t.
And it certainly doesn’t mean the price of bitcoin can’t go a lot higher, because it can.
Here’s the truth about bitcoin and what you should do about it as it ticks higher…