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I don't like Bitcoin and I disagree with Alden on that in investment. I am also not a fan of precious metals.

I currently have the majority of my portfolio in stocks in Australia, Sweden, Japan, Switzerland; in residential real estate, and in puts on overvalued tech stocks and TLT.

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You're shorting TLT? The Fed is on the other side of that bet, I dare not go against the Fed.

Yeah, that position was the mistake I mentioned in my first post. The bias ask spread is so large that it it painful to exit it though. And the Fed may be forced to back off if inflation kicks up further, we will see.

What’s wrong with Bitcoin?

If legislation came against it, it would have it's value damaged. No one seems to use it for actual transactions. It uses enormous amounts of electricity.

And a vast majority of BTC is owned by the Bitfinex criminals who created Tether. You can't win against the bank and in this case the bank is the Ponzi schemers themselves.

> It uses enormous amounts of electricity.

Consider that the "proof of work" of fiat currencies is taxation + inflation (which wipes 1/2 of all your productivity), and you'll quickly realize that Bitcoin's PoW is considerably more efficient.

Also, Gold, Silver and other precious metals are more expensive to mine than Bitcoin, when measured on a store of value basis.

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