I was a bit torn on crypto as someone from a value investing background.
My conclusion was to punt on the stuff - where else can you buy something and sell it for 10x within the year? - but to cash out a good chunk of the winnings so if they go to zero I'll have the cash. So far so good.
I regard the nuttiness as a bit of a make hay while the sun shines situation.
Where else? I can think of several places. Vegas is the first that comes to mind. But I'm guessing that like most "punters" and participants in a bubble, you perceive the downside risks to not be equivalent...
My conclusion was to punt on the stuff - where else can you buy something and sell it for 10x within the year? - but to cash out a good chunk of the winnings so if they go to zero I'll have the cash. So far so good.
I regard the nuttiness as a bit of a make hay while the sun shines situation.