‘Bitcoin’s crash hurts the latecomers once again’ – MarketWatch | $10,695.37

Uri Shalev
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Last updated on:
Fact Checker

Bitcoin has no intrinsic value as an asset. Never had. It yields no cash, generates no income and serves no useful legal purpose.

It is most useful for money-laundering. If you need to get your money out of the country, fast, bitcoin is a pretty good way to do it.

I road-tested it back in the Big Bitcoin Bubble of December 2017, buying bitcoin from a machine in London, England, with pounds sterling, then using them online to buy a gold krugerrand in the U.S. for delivery to my office. It worked pretty well.

You could probably use bitcoin to bribe your kid’s way into college, though I suspect gold coins would be better.

Eulogy made by Brett Arends

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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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Uri Shalev
Uri Shalev

Uri Shalev studied Psychology at the University of Haifa. With a keen interest in cryptocurrency and disruptive tech, Uri has a breadth of experience in digital marketing and SEO. Read More

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