The Financial Services industry has demonstrated this time after time, without regard to the underlying quality of the investment product:
"...with a good sales & marketing team just about anything can and will be sold; especially a sexy new asset class."
"It’s anyone’s guess when and at what level this bubble in bitcoin will burst."
Our full article on Medium:
2018: Year of the Crypto Asset Class?
Nov. 28, 2017
Bitcoin "investing" or speculation generally requires transferring money into risky & unfamiliar places or overpriced investment products. Meanwhile, bitcoin "marketing" or publicizing has generally been limited to word-of-mouth & the media.
If new bitcoin-related investment products are released, crypto asset-investing will become available to traditional investors via the traditional distribution (and commission-paying) channels. This alone would increase demand, if only due to the addition of professional marketing of the crypto "asset class".
Beware Of The Bitcoin Bubble: Investment And Financial Advisors Warn
“But it is anybody’s guess what inning. It looks to me like we’re well ahead of the 7th-inning stretch...”
said Jason R. Escamilla, CEO of ImpactAdvisor, an investment advisory firm in San Francisco.
“...The price level and energy usage are unsustainable. There is far better technology emerging to meet the same needs.”
Forbes, Nov. 4, 2017
What is Crypto?
WE RECOMMEND THESE THREE ARTICLES TO QUICKLY GET UP TO SPEED:
Should I Invest in Bitcoin and Blockchain Technology?
"We view crypto-investing as driven by the greater fool theory of investing or speculation, and we genuinely mean that in a bullish way for now..."
says Jason R. Escamilla, CEO of ImpactAdvisor, a wealth management firm in San Francisco
U.S. News, Nov. 13, 2017
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