Not a fan of crypto…but

[They]

I'm a holder of Barrick Gold, which I use as a hedge against a financial disaster. However I've seen "bitcoin" go crazy, yet it has no intrinsic value which causes me great hesitation to get involved. Being a bit old school and reading about the "tulip" craze in the 1600's just adds to the crypto uncertainty. Fed Powell came out with the statement yesterday, saying that "bitcoin is replacing gold" and that's what got my attention.

So I'm looking at a HIVE Blockchain Tech up in Canada. It has a 52 week range of .17 to 7.25, and today's price, 4.20. It las reported ER .086 per. It mines Ethereum and Bitcoin. People like Peter Schiff are solid in their economic assessments with gold and crypto, but the markets are in complete disagreement. Does anyone have an opinion on HIVE that likes to take the conservative side.

If you are Canadian and want some exposure you could also just buy BTCC or EBIT on the TSX

 

[GaryBtrader]

There's a 3rd Canadian ETF now available as well: BTCX

 

[remoteControl]

I think if you are getting your trading cues from Powell's random musings, crypto isn't for you.

 

[misterkel]

yet it has no intrinsic value

our inability to see its intrinsic value is not proof that it has none. Many people see value in a money that cannot be taken by governments without force, that is not issued by governments, that has a known rate of disinflationary expansion, where you can be your own banker.

Just saying - to some people, that is valuable.

Edit:
The very notion of intrinsic value is a contradiction in terms. Value is an externally ascribed attribute. Value must mean valuable TO someone or some entity FOR some reason. It does not exist intrinsically. The very notion is nonsensical.