Yes, Virginia, There Is A Sensible Crypto Purchase

With Bitcoin bumping up against $100k, crypto enthusiasts are once again frothing at the mouth. The election has given a boost to crypto sponsors, miners, and owners—and anyone else who has a vested interest in that corner of DeFi. Although Bitcoin has never really proven itself to be a reliable medium of exchange given its extraordinary volatility, it has shown itself to be an alternate store of value similar to gold. Every time it gets clobbered (and boy does it get clobbered: it lost nearly 80% of its value in 2022), every big step down has been followed by several massive steps upward.

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