Guest post by Lane Miller, Martin Capital Management
To call Bitcoin a boondoggle is, admittedly, hyperbole. The crypto-currency has spurred a fascinating exploration into the relevance of “blockchain” technology for reorganizing financial services.
A currency untethered from central bankers is precisely what proponents of gold have advocated for decades. Conveniently, computer code is far easier to transport than metal. The blockchain could sideline whole departments of global banks as financial settlement could be near-instantaneous and immutable. There are potential benefits to the progeny of the Bitcoin revolution. “Investing” in Bitcoin itself, however, is a very different matter.