Having read about cryptocurrency on Straits Time (1 and 2), I think it is widely misrepresented.

There are some truth in these articles but I believe the concept of asking people to invest in this product is simply just wrong as of NOW.

Reasons being:

  1. Marketing being root of all evil.

I think cryptocurrency is a disruptive technology on cash. But people seem to have misunderstood the use of cryptocurrency.

It started as a form of payment and not investing. But a lot of websites started marketing it as a form of investment product (due to cryptocurrency being subjected to free market forces) and people started to buy to keep.

But it is technically useless if a cryptocurrency becomes super expensive.

If a bitcoin is $2k currently, what can you use to pay it? Use bitcoin to buy diamond? Or buy a loaf of bread?

  1. Bubble …