The insanity around digital currency very much reminds me of the early 2000’s when people were dumping billions/trillions of dollars into anything with a .com name. My guess is that 99.999% of investors have absolutely zero understanding of the digital currency’s actual value or business case. Very soon there’s going to be one hell of a lot of crying going on. Most, if not all, of the digital currencies out there have near insurmountable problems with scalability. Bitcoin, for example, can barely manage 6-7 transactions/second. Thee are no reasonable technological/architectural ways to scale it (I’ve studied it in depth!). In spite of all the hysteria, it is for all intents and purposes DEAD as a usable currency. Ethereum, Lite Coin, Ripple, etc. are all in the same boat to lesser or greater degrees. I’m a huge believer in block chain technology. It will be phased into a massive amount of things we touch/do on a daily basis. But, I predict zip/zero/none of the digital currencies out there will be in actual use 5-10 years from now. If you want to gamble with your $, then do it in areas like stocks/commodities/etc. where crime and fraud are at least controlled and value equations/risks are reasonably defined.
