No one wants to be on the wrong side of a bubble. If you invested in dot.com stocks the end of 1999 or bought a house with an adjustable-rate mortgage in 2008, you know exactly what I mean.
When it comes to the cryptocurrency Bitcoin, there's every reason to be cautious. It's not regulated. There's no Federal Reserve behind it. There's no real guarantee for its value, which is determined by software. Forget about deposit insurance like the FDIC.
Despite numerous red flags about Bitcoin, it's still all the rage for those championing its role as an alternative currency. I just hope those who love Bitcoin aren't also subscribing to "alternative facts."
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