gloopy

It's developing into a foundational asset class. It's around 1T asset as it is and still has only around a 2% adoption rate. Basically its the internet of the mid 90's. Its still very early. Tech is eating the world and Bitcoin is coming after more traditional stores of value while growing exponentially doing so. Just like its considered by many to be risky to have zero cash, zero bonds or zero equities, soon it will be institutionally considered to be risky to have zero Bitcoin allocation. Not financial advice.

gloopy

Depending on the actual financial plan and solid business case behind each individual student/degree plan (if any), that becomes a pretty clear binary decision. For the vast majority of degrees, I'd put 100% of it into Bitcoin over the Big Ed scam any day, because I wouldn't blow it for a 6 figure reading list of free material anyway. There's a few college/degree combos that may justify a nice 5 figure investment for the bachelor degree level but other than that I'd invest in a new boat at MSRP before buying most degrees these days.

Seneca Pilot

STEM degrees have value. I am not sure about any others. If you want to set your kids up for the future have them go to a local community college and get plumbing, electrical, and HVAC certs, along with some business courses. Send them out for a couple of years of actual experience then spend the college fund to set them up in a business where the employees are clean, the equipment is nice, they return calls immediately, and show up on time for promised jobs. Guaranteed millions.

Trip7

This times 1000. I feel for the folks that will get left holding the bag at the end of the Bitcoin, Tesla and SPAC Boom.

Permanent Loss of Capital is devastating to one's net worth.

Sent from my SM-N986U using Tapatalk

JamesBond

This^^^^^^^^^^^^^^^^

When college is 'free' it will be exactly worth what you will have paid for it.


Debt is slavery,

NuGuy

This. Had a guy out to do some work who ran a 3 man shop. Schedule on-line. They called the day before to confirm and again 30 minutes out. Showed up on time. Did the work requested at the quoted price. Left the area spotless.

While I was cutting him the check, he asked "how was our service?". I told him the above and said all he has to do is keep it that way, and success would rain down upon him.

As far as STEM degrees, all you need to know is what colleges themselves think about it.

If you go to graduate school for STEM (with the exception of "professional degrees" like medicine, Vet, Law, MBA, etc), by and large the schools pay you to go. Tuition waivers, books, fees, housing assistance, health care, and even stipends. Sure, you might have to teach a class or work in the lab, but hey, that's the point anyway, right?

Anything non-STEM, yea, you pay. A lot.

gloopy

DeltaboundRedux

Nobody knows, but it’s a good way to bet in the long term.

No government will accept a challenge to its monetary sovereignty.

Cryptocurrency is a direct assault on that exclusive power of national sovereigns. Either crypto succeeds and national governments fail, or the other way around.

Nation state governments are very jealous of their privileges. I could be wrong though

JamesBond

Those governments might not have a choice. I don't think success/failure of governments are in any way interrelated on their currency. There are plenty of countries where the dollar is taken/preferred over the local currency. Not to say it is exclusive, but if you pay in dollars rather than gozintas you get better prices, and if you pay with a big bill it gets even better. With cryptocurrency being anonymous and essentially stateless, people can move it around freely. I have asked the question before, and I still wonder how our government... ANY government taxes crypto gains. If one buys it at an ATM with cash, and subsequently sells it at a profit on a similar ATM, how are you taxed on that gain? Frankly, I think governments are scared to death of it, because they know they can't prove shiite about who has it, how much they paid or their profits on it unless it comes fro a brokerage house.

DeltaboundRedux

“Whatever happens, we have got, the Maxim gun, and they have not.”

I understand the dream of cryptocurrency and appreciate it. I truly do. But.

There is no way the US or China will cede their national monetary policies to anonymous computer algorithms.

If it gets too big, or too disruptive, they’ll end it. By force. They may issue their own dollar/renminbi crypto, but will come down like the hammer of god on anyone getting caught using anything else.

Just my guess. But I just push buttons for a living.