Crypto Dip-Toe

“I guess you guys aren’t ready for that yet. But your kids are gonna love it.” -Marty McFly.

After bringing the Enchantment Under the Sea Dance to a dead stop with a blazing rendition of “Johnny B. Goode,” today’s quote was the line Marty uttered to the awestruck crowd before leaving the stage. I’d like to think that if they make a Back to the Future reboot that begins in the year 2045, and Marty travels back in time 30 years to 2015 (instead of the original 30-year leap from 1985 to 1955), he could use the same quote after giving a cryptocurrency/blockchain presentation at a retirement community. I’ll let you choose your own adventure regarding the backstory of why he would be doing such a thing, but perhaps it’s to trick an elderly Bif into unwisely investing his retirement savings? (I know, I should really get into writing screenplays).

The whole “crypto” movement may feel very futuristic for many investors. While no one knows what the future holds, the extreme perspectives range from crypto/blockchain eventually being involved in nearly everything to just being a short-lived fad. What is for sure is that the crypto phenomenon has gained a lot of traction, grabbed a lot of headlines, and created/destroyed a lot of wealth over the last decade. And, since it’s “a thing” and definitely an alternative investment, it’s about time – now 36 posts into Alt Blend – that we learn the basics of how it works and what potential utility it holds for us and future generations. I’m not an expert on cryptocurrencies or the blockchain, so this may be more of a research project than most editions of Alt Blend, but maybe that means we’ll collectively learn even more than usual. Here we go! Links mentioned in this episode: https://altblend.com https://thebahnsengroup.com