There’s a 1995 clip from The David Letterman Show where Letterman is interviewing Bill Gates. Gates excitedly explains how the internet will change the future. Letterman is sceptical. He mentions a baseball game that had recently been broadcast live on the internet. “Does radio ring any bells?” he quips sarcastically, to laughter from his audience.
After I published the analysis regarding the mirage of cryptocurrencies, I received an irresistible invitation: an IT consultant offered to give me a demonstration, in front of the laptop, of the connection between cryptocurrencies and the black market. The exercise turned into a three-hour discussion on cybersecurity and ended with unexpected conclusions about identity theft for political purposes.
The world of cryptocurrencies is a hyper-competitive one, where the most expensive currency seems to be, in fact, quality information. Therefore, given the opportunity to talk to an investor with four years of experience in crypto trading, I considered it a good moment to check the opinions that may inform the decision to invest or not in cryptocurrencies.