As CoinDesk reports today , all month long, Coinme subsidiary CryptoLiteracy.org will be promoting “basic crypto knowledge …
Meanwhile, Bloomberg reports today that PayPal co-founder Peter Thiel is regretting not buying more cryptocurrency himself when the price was lower.
In Thiel’s opinion, therefore, there is more than mere momentum trading going on here.
If he’s right about that, though, then logically, investors should avoid cryptocurrencies that can be produced in unlimited supply, and invest instead in Bitcoin, for which supply has been capped at 21 million coins — after which, in theory at least, all Bitcoin in the world will have been mined and the value of what then exists can only go up.