Tuesday, December 12, 2017

The volatility in Bitcoin is frightening

[Bitcoin] has been given some sense of legitimacy by the CBOE. So clearly it has given some legitimacy. But when they begin to pay taxes on it, when it ceases to be an avenue for avoiding taxes, when it ceases to be a place where drug dealers are trading and making transactions, then I'll be interested. I'd much rather own steel, I'd much rather own land, I'd much rather own ships. Bitcoin is the modern day Tulip Bulb mania. I will let others trade it, I won't trade it.