For many years now, I’ve been bullish on bitcoin, and continue to be, but have not extended that view toward any other cryptocurrency. That decision continues to hold up well. Since I first recommended it in April 2020, it has gone from $6,900 to $126,000, and is currently back down to around $85,000. CoinMarketCap identifies literally millions of cryptocurrencies, and yet bitcoin alone represents 60% of all value in the space, and more like 70% when you exclude dollar-collateralized stablecoins. -In January 2021, I analyzed the economics of Ethereum by popular request and explained why I wouldn’t be investing in it. ... (full story)