Baffled

"I'd rather have bananas"... [Welcome to RiskHedge] Dear Reader, I keep saying it... Crypto is the most misunderstood asset class in the world. Even billionaires are baffled by it. Take Mark Cuban, for example. Back in 2019, he said, "I'd rather have bananas than bitcoin. I can eat bananas." Today he calls bitcoin "money 2.0." Or how about Larry Fink, CEO of BlackRock? In 2017, Fink labeled bitcoin an "index for money laundering." This year he launched the first bitcoin ETF, which has already taken in $15 billion in 3 months. He now says bitcoin is a "great long term store of value." Then there's billionaire Ray Dalio who went from calling bitcoin a bubble in 2017… to describing it as a "gold-like asset alternative," today. It's understandable. Crypto is a new frontier. And like any new technology, it's often misunderstood. Remember when Robert Metcalfe, inventor of the ethernet, predicted the Internet would go supernova and catastrophically collapse in 1996? It's funny to think about now. To his credit, Mr. Metcalfe literally ate his words at a World Wide Web conference in 1997. When he ripped a copy of his column from an industry publication, threw it in a blender with water, pulverized it, poured it into a bowl... and slurped it down to loud cheers. Smart people get it wrong all the time. But they're willing to change their minds when the facts prove otherwise. Especially when there are billions on the line. Look, I believe in crypto. Yes, it's highly volatile. Yes, it's a speculation. And yes, it's the most misunderstood asset class in the world. But crypto is not going anywhere. In fact, over $13.8 billion has flowed into digital asset investment products so far this year. The highest yearly total ever. And it's only April. So after having said all that… Why am I telling my subscribers NOT to buy bitcoin? [I break it all down here](. As always, thanks for all your support. Regards, Stephen McBride Chief Analyst, RiskHedge P.S. Even legendary investor and bitcoin skeptic Warren Buffett is warming up to crypto. Early on, he called bitcoin "rat poison squared" and labeled it an unproductive asset that "has no value at all." Then in 2022, it was revealed his company quietly invested $1 billion in a crypto-friendly bank. In short, it pays to follow the smart money. That's why RiskHedge Venture posted a total return of 516% in 2023. But all that's in the past. [Here's what I'm doing with crypto right now](. Copyright © 2024 RiskHedge. All Rights Reserved RiskHedge | 1417 Sadler Road, PMB 415 | Fernandina Beach, FL 32034 [Click here to unsubscribe from our correspondence on The Halving and RiskHedge Venture.]( [Click here to manage your email preferences.](