The profits still being held by early buyers is off the charts in all crypto currencies. Gains like this have never been seen before but where is the VALUE? Where is the money going to come from to keep all of these crypto currencies going higher? This isn't going to be pretty when the music stops boys. Meanwhile the S&P, Dow, NAS and global markets are soaring again. Tax reform is propelling the US markets to 3% plus growth. A recession is off the table. Markets will prosper. Invest in something tangable.
While I have the bulk of my investments in the traditional markets, I think there is a reasonable case to be made for sprinkling some on the crypto markets. I believe they are here to stay and will soon be another ho-hum part of the overall conversation.
Who would have valued a once little-known consumer website (AMZN) at potentially close to $800B in the coming fiscal?
Who would have thought a once-great American comglomerate (GE), considered the bluest of blue chips, would shortly be splitting up at the seams, shedding units and share price?
Crypto is current. Gotta stay somewhat current.