I know I don’t have to tell you that there are a ton of so-called experts out there dying to tell you why bitcoin, ripple or some other cryptocurrency is a surefire way to get rich.
Too bad they’re all wrong.
If you’ve been reading my columns on Contrarian Outlook, you know I issued a dire warning around Christmas that bitcoin’s promises were hollow, meaning the bubble was going to pop. “The truth is, bitcoin is actually the least private currency in existence!” I wrote, dismissing bitcoin’s biggest appeal for speculators.
But I had a bigger worry: would a burst bitcoin bubble wipe out tech stocks, too?…