If you study bitcoins, I don't know why anyone is investing in cryptos. The technology behind it is all open source. Anyone at anytime can make 2 million Cubs-coins or Sox-coins. They are all worthless or less than a penny. There is no scarcity to them at all, and no intrinsic value. Warren Buffet says the same. The technology behind it may have value to banks, but as an investment it's worth less than a penny, it's just "printing" monopoly money.
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Originally Posted by LouisVanDerWright
The Bitcoin bubble was totally irrational exuberance, but cryptos are here to stay just like how tech was here to stay in 2000. The best time to buy will be when the next recession wipes out the weaklings and reveals who will be the Apples, Googles, and Facebooks of the crypto bubble and who is Pets.com. With the infrastructure and talent Chicago has for these trades (remember, we have the lowest latency in the world which is why like 70% of the prop trading industry is located here) it's no surprise some of the serious crypto players are relocating here. Just another excellent demonstration of the irreplaceable geographic and talent advantages of being the great funnel of the center of the North American continent. All railroads lead to Chicago, therefore all fiber leads to Chicago.
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