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For more than a century, the stock market has proved time and again that it's one of the greatest wealth developers on this planet. If you buy stakes in great businesses and enable your financial investment thesis to play out with time, history suggests you have a really great possibility to develop wealth.

For circumstances, a little over a decade back, a single (CRYPTO: BTC) could have been purchased for around $1. As just recently as this year, that very same token was opting for nearly $65,000. While  Find Out More Here 's not uncommon for retail financiers to go after momentum plays, I believe they're mistaken to do so-- especially with cryptocurrencies.

Image source: Getty Images. The cryptocurrency space appears like a gigantic bubble Why no love for digital currencies? One of the bigger issues is their absence of real-world adoption and utility. Bitcoin, the world's biggest digital currency, has actually only had the ability to deal with around 300,000 deals on a daily basis for years.

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To put this into some context, payment-processing giants and managed a combined 700 million daily transactions in 2018. On an off-exchange basis, cryptocurrency is (pardon the pun) practically worthless. The blockchain technology crypto is based upon produces another problem. Though blockchain provides new methods to immutably and transparently store and gain access to information, it's encountered one heck of a Catch-22.

and no major companies wishes to be that guinea pig to show it'll work. And do not overlook the reality that some governments aren't OKAY with crypto contending versus their main bank-backed currencies. A handful of nations have actually outright prohibited digital currencies entirely, with China recently restricting banks and online payment businesses from using services to the crypto industry.

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And, obviously, false information and control run rampant throughout the crypto area. CEO Elon Musk has whipsawed both Bitcoin and Dogecoin in current months with a mix of tweets and memes. Believe me, this is a sentence I never thought I 'd be composing with a straight face. Tesla initially bought $1.

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However not long after, Musk ended the program by claiming that Bitcoin mining wasn't environmentally friendly. He's since altered his perceived obligation to Dogecoin, which might well be the greatest pump-and-dump scheme in the crypto area. And if this still isn't enough, remember that every parabolic relocation in history has ultimately burst and return to Earth.