This bitcoin fund just went over 1000%. Beware.

MarketWatchOpinion/Brett Arends/12-17-2020

artist rendering of tulip in original book on the tulipomania 1637“Sure, bitcoin is hitting new highs, and just broke through $23,000. OK, it’s up 200% this year. But bitcoin is old-school, man. It’s the ‘OK Boomer’ of crypto.”

USAGOLD note: The greater fool theory ultimately finds resolution in the greatest fool. Arends ends his entertaining look at cryptocurrencies with a warning: “This is all gambling. Just make sure you get out in time.”

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