Sorry, Todd, ignoring the risks of Bitcoin doesn’t make them go away. You may choose to speculate with your money, and you may even be successful, but that doesn’t make it any less risky. Gold is also speculative, but much more stable than Bitcoin and with a much longer history, so much less likely to lose it all.

In investing, it helps to be honest with ourselves and admit what we are doing. Buying something with no intrinsic value that you hope someone will buy from you in the future at a higher price is the definition of speculation.

People are free to speculate, but they should consider the risk and keep their holdings small.

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