13 Shocking Reasons Crypto Fails You

Why Bitcoin Won’t Make You Wealthy (But Will Make You Cry)

Jay Krasnow
Investor’s Handbook

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Photo of Bitcoin ATM
Photo taken by author

With more than 10,000 companies offering cryptocurrencies, one might ask: “Which one is best for me?”

My answer is a resounding: None of them. Stay away from cryptocurrencies, no matter how entrepreneurial you are or how smart you think you are.

Warren Buffett’s Take

I’ve given a list below of 13 reasons why you shouldn’t invest in cryptocurrencies. But first, I’ll give you Warren Buffett’s take. (By the way, Buffet is the third-richest man in the world and CEO of Berkshire Hathaway). According to Buffet, “In terms of cryptocurrencies, generally, I can say with almost certainty they will come to a bad ending.”

Now I’m not an investment guru or a lawyer, but I have done my homework, and have a high level of certainty that nothing good will come of you investing in any cryptocurrency.

But before I give my billboard of 13 reasons why you should run from cryptocurrencies like the plague, I’ll say a few words about what cryptocurrencies and blockchain are.

What Is Cryptocurrency?

A cryptocurrency is a digital asset that people use as investments, or for online purchases. You can buy…

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Jay Krasnow
Investor’s Handbook

Former CIA officer | Most-definite Southpaw — Mind Cafe | Better Marketing | Writers Cooperative | Publishous — Tweet: @JayKrasnow