UK newspaper The Guardian has published outright warnings not to invest in Bitcoin or gold, describing them as a “waste of human investment energy.”
Bitcoin ‘Like Mr. Money Moustache’s Fingernail Clippings’
In an extensive post arguing that trust principles of fiat currency are superior to decentralized setups in many cryptocurrencies, the blogger known as ‘Mr. Money Moustache’ tells readers purchasing them is “collective insanity.”
The post reads:
People who think that there’s even a tiny chance bitcoin could become a world currency say it is severely undervalued. […] You could make the same argument about my fingernail clippings: they may have no intrinsic value, but they’re in limited supply so let’s use them as the new world currency.