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Bitcoin: When 'Smart' Money Becomes 'Dumb' Money

Mar. 02, 2022 6:27 PM ETBitcoin USD (BTC-USD)33 Comments
Gary Bourgeault profile picture
Gary Bourgeault


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Young woman using cryptocurrency application on smartphone

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Bitcoin (BTC-USD) has gone through a lot of stages in the mind of adherents, with the focus being anywhere from decentralized money, personal banking, a store of value, and a hedge against inflation, among other things.

Those things are what

This article was written by

Gary Bourgeault profile picture
I am a former investment advisor and owner of several businesses. These days I invest only for myself while continuing to write on a variety of financial and economic topics.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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