And the advice: There’s a way to profit from that too, by making side bets on other applications of the technology that powers bitcoin. That’s also the case with other unprofitable projects that are losing the investors a lot of money and may lose more in the future: Tesla, Snap, Uber. If investors didn’t feed Musk’s furnace with cash, General Motors, BMW, Nissan and other companies wouldn’t have made an effort to produce EVs profitably. Sure, bitcoin may be a bubble. The more money is invested in bitcoin, the faster kinks are ironed out of these applications—and the more money investors can make by backing companies that develop them.

Source: Mint November 29, 2017 17:48 UTC