I have been trying to get my head around cryptocurrency for some time. I just can't get used to something that I can't see, feel or touch being called money. There are other things that share these traits that people use all the time without thinking about it. People have no problems buying stocks. It has been a part of our economy from near the beginning. Cryptocurrency also shares the same kind of risk and volatility as stocks. To me, cryptocurrency is just another vehicle used to build assets that will eventually be converted back to real money.
So what is real money? Certainly not fiat currencies. Yes I can hold these currencies. I can even put them in my pocket. That being said, fiat currencies rise and fall. They are not much better than cryptocurrency. For me, real money is silver and gold. No matter what the latest fad is, the world always, always goes back to silver and gold.
I do intend to invest in cryptocurrencies. But it will just be treated as a vehicle I use to grow assets that I will eventually convert to silver and gold.
Cryptocurrency is the future. Not as we know it now perhaps, but as the fiat currencies fail I can see countries starting over with a cryptocurrency based system. It seems to be the perfect way for governments to exert even greater control over their population.
