“Bitcoin and Ethereum…both soon obsolete” – James Ricakrds | $2623.69

Last updated on June 21st, 2017 at 11:19 am

We now have enough information on cryptocurrencies to conclude that Bitcoin = Betamax, and Ethereum = VHS. One wins, but both soon obsolete.

Eulogy made by: James Rickards

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Mat Cendana
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Mat Cendana
I’m a regular reader of DailyReckoning since late 2008. Jim Rickards in among the writers whose articles I’d read. He claims to be using some proprietary program to predict events and the subsequent movements in the financial market. He had been right before. Among others, with Brexit and Trump winning. Including with those moments when polls `clearly showed the other side will win’. So, credit to him with those. But he had been wrong too. He’s a huge cheerleader of gold, and had come up with why he thinks it could go to $10,000 an ounce. Plausible. When it comes… Read more »