Tim Knowles
1 min readMay 22, 2021

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I can't be comfortable with it as a store of value because it has such a short history and so much volatility. Also until the last Bitcoin is mined, it is being inflated. They are "printing" new Bitcoin everyday. Bitcoin's future is too uncertain for it is be anything but a tiny part of my assets. There are better proven inflation hedges. I am not against Bitcoin or other Crypto. I hope some turn out to last and find their knitch. Right now they don't work as a currency or a store of value. They do work for large value transfers where the fees are low. They work pretty well for paying ransoms :-). They are a great volatility play if you like to gamble that way. Buy low, sell high and repeat but for the small player the fees will eat up a lot of your profit. Some day maybe we will have a Crypto we can use at the grocery store and one that has a long enough proven track record that we can put a lot of our wealth in it with negligible risk. It would have to be something that can withstand be oblivious to the comments of the likes of a Musk. I can't put a lot of my net worth into something that will lose a quarter of its value due to the comments of a loose cannon loud mouth.

TEK

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Tim Knowles
Tim Knowles

Written by Tim Knowles

Worked in our nations space programs for more than 40 years

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