For a while now, I have wanted to do an issue in which I talk about my favorite coins and why I’ve invested in them. I still plan on doing that, possibly breaking it up over a few weeks–I’m still mulling the best way to do that. But since that’s still in progress, I thought I’d try something new for this round. I’m calling it my Negative Nancy edition.
I’m still irrepressibly bullish on the long term prospects of cryptocurrency. But as I stated in Monday’s newsletter, I think Bitcoin’s outlook is a bit less so.
Certainly the long wave of negative news and publicity from 2018 is partly responsible, but my assessment is more built on my analysis of Bitcoin’s long term prospects as a realistic and usable store of value. I’ll be happy to be proven wrong and see Bitcoin fly to the moon, but if it doesn’t, I won’t be worried, as the larger cryptocurrency world still has an entire industry worth of innovation and investment to fill.
In the meantime, I’ll continue to report on the good and bad, as that is the best way for you to stay informed.
For today, I thought it’d be fun to present nothing but the negative side of things. Whether that’s in speculation on Bitcoin’s prospects or the negative ways Bitcoin is impacting life (socially, environmentally, politically), sometimes it’s useful to view the news through a particular lens in order to suss out realities on the ground.
As always, the goal is to find the truth amid the opinions, the facts amid the speculation.