​Cryptocurrency and Blockchain: a Trend or the New Singularity?

I must admit that the entire crypto currency and blockchain trend has been a struggle for me to figure out. I’m from the old school that mutual funds are great and gold is better. As I looked around and saw my friends investing in Litecoin, Ethereum and Bitcoin I admit I was curious, when it hit $18,000 I was enamored by this new currency and figured I better buy some myself or at the very least find out more.

I suddenly came upon people in my network that wanted to either ‘mine’ the cryptocurrencies, buy lots of it before it became unreachable or who wanted to develop the next great ‘blockchain’. They all wanted in!

For the uninitiated, grab your nearest programming geek and a couple of coffees and ask him to explain the nuances of what’s happening in the currency market.

Recently, billionaire investor Warren Buffett told CNBC the recent craze over Bitcoin and other cryptocurrencies won’t end well. “In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending,” the chairman and CEO of Berkshire Hathaway said.

So how does one enter an investment with the financial guru saying it’s hogwash? Considering Buffet has always shied away from new technologies, as a matter of course, perhaps it’s just not a good match for…