An investment is anything that the market agrees has value. It could be Crypto, Labubu’s, Beanie Babies, artwork, or diamonds.
After all, a diamond is just a rock which clever marketing has convinced everyone that it has value.
Does anyone remember the pet rock?
The conventional interpretation is that crypto is not an investment because it is not tied to anything – so where is the value?
AI companies and tools have not proved that they have value yet either but those companies are worth $Billions.
Crypto is not tied to anything but the market has determined that it has value.
So get onboard.
-Monk
- Personal Finance is a game. But if you haven’t realized this yet, then you’re the one getting played.
2. Because, you’re playing this game already but someone else is profiting (off of you).
3. Your Financial Literacy is the pathway to your Financial Freedom.
So, to the youth, young adults, and the mothers who raise them, Financial Literacy: Monk Says… Learn the Game
MonkSays.com