View: Bitcoin & non-fungible tokens, opportunities or Ponzi schemes?

Why put all savings into traditional forms of wealth such as land or shares? Why not into non-traditional forms such as Bitcoin and NFTs (non-fungible tokens)? These have made millionaires of initial investors.

I advise ordinary folk to steer clear of these exotic new digital assets. Current prices are high and the risk of complete collapse to zero is significant.

Bitcoins are especially vulnerable because of green concerns on their energy consumption. But for rich folk looking for way to diversify their portfolios, putting a small slice of their wealth into the new digital schemes may be a worthwhile gamble.