If Bitcoin is an illusion, then so is your 401(k)

[clh22793]

A very common criticism of Bitcoin and cryptos is that they have no internal value. The basic argument goes like this: unlike corporate stocks, Bitcoin (and its ilk) are not “backed” or secured by anything tangible. Thus, the crypto market represents nothing more than a speculative bubble that is doomed to bust. Well, that argument betrays a fundamental lack of understanding about each of these respective investment vehicles. Your stock portfolio is no more “secured” by tangible corporate assets than your cryptos.

https://cdn-images-1.medium.com/max/800/1*bXi1G30q88y1vEmkolbU0w.jpeg

https://blog.tokentrax.com/if-bitcoin-is-an-illusion-then-so-is-your-401-k-2db9c8ea0c3