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By Francis Bayes, WCI Columnist
I wrote the first draft of this column in December 2021, and since then, crypto (currency, assets, securities, whatever you want to call it) has entered winter. Instead of publishing a column that pretends to have seen it coming or writing a piece that makes me look like a fool, I want to share the original draft with my own up-to-date comments. I consider it akin to responding to reviewers after submitting a manuscript to a peer-reviewed journal.
Should You Buy Crypto in the First Place?
What I wrote in December 2021:
Many of the WCI readers have won the game or are well on their way to winning the game, so they can ignore crypto (or for Bitcoin maxis, Bitcoin and crypto) with their “serious money” and enjoy financial independence. Any extra return might not be worth the attention that their volatility attracts–or in the case of “stablecoins,” not worth even a hint of risk. The stock market falling 10% is a big deal. But…
