Bitcoin: Should you buy into the mania?

Fun talk with popular podcaster Alain Guilliot about the bitcoin mania.

We talk about whether Bitcoin:
– has any intrinsic value,
– is or is it not a currency
– is an investment of a gambling tool.

Ed Rempel: Buyers of Bitcoin Will Eventually be Stuck Holding the Bag


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  1. Ed Rempel on March 17, 2021 at 11:21 PM

    Hi Matt,

    Good insight! Yes, all transactions are fully visible for everyone. Bitcoin being anonymous is based on everyone seeing your transactions but nobody knowing it’s you. Can you really always be sure of that?


  2. Ed Rempel on March 17, 2021 at 11:16 PM

    Hi Pierre & Krista,

    Thanks for taking the time to comment.


  3. Ed Rempel on March 17, 2021 at 11:16 PM

    Hey Peter.


    Is it an attempt at a currency OR a speculative investment? A currency needs a constant, reliable value. If speculators are interested, it cannot be a currency.


  4. Ed Rempel on March 17, 2021 at 11:12 PM

    Hi Leondard,

    Thanks for your comments.

    “Store of wealth” means “not a real investment”.

    “Store of wealth” implies is might keep it’s value. I prefer to invest in things that are expected to reliably grow a lot in the lont-term.


  5. Matthew Latimer on February 27, 2021 at 11:44 AM

    I believe the biggest myth regarding bitcoin is that it is anonymous. In fact, it provides full historical traceability of every transaction ever made in your wallet. The thought of the government and the CRA having complete transaction visibility on citizens is fraught.

    Thanks to Ed and Alain for the video!

  6. Pierre Quenneville on February 26, 2021 at 10:51 AM

    Bitcoin will fall to zero at some point. I think governments around the world will eventually institute their own digital coin and make Bitcoin illegal. Why? They will want to tax every sale.
    Ed, I enjoyed this blog and truly appreciate your investment advice.

    Pierre & Krista

  7. PETER HOOIVELD on February 26, 2021 at 10:33 AM

    Hi Ed,
    I’ve been wondering what your take on Bitcoin would be, and also relieved to hear you present views that vindicated my intuitive feel for the current mania, which is indeed what I think it is. Thanks as always for your unconventional but enriching wisdom!

  8. Leonard Rempel (No relation) on February 26, 2021 at 9:27 AM

    Bitcoin is similar to gold as it has little intrinsic value. You can’t take a sliver of gold and buy anything. It is simply a store of wealth. Bitcoin is/will be recognized as a form of digital wealth storage. I am not a huge proponent of Bitcoin, but I do have about 3% of my portfolio invested in it. If it goes to zero, I still put bread on the table, if it goes to ???, who knows.
    btw, I thoroughly enjoy your blog and investment ideas! Thank-you for this.

  9. Alain Guillot on February 25, 2021 at 5:30 PM

    Nice talking to you Ed,

    I am getting a lot of hate mail for this conversation. A lot of people are going to lose a lot of money. I hope it was just their “Fun” money and not part of their retirement money.

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