Why bitcoins may not be such a safe investment
While I was away on vacation recently, there was news that the US Treasury Department will try to crack down on the bitcoin business. President Trump also said that Homeland Security is getting involved.
As I said in a recent column, bitcoin, now the talk of the futures market, is the perfect “currency” for criminals. And, as I said exclusively, Washington is afraid that this and other cryptocurrencies were being used to help North Korea achieve its dastardly ends.
Alas, with bitcoin futures, criminals have an even easier way to move money around the world.
I recently went to see greyhound racing (dogs, not buses) in Florida, and the sixth race had a dog named “Donald Trump.”
He won, paying $8.50 on a $2 bet. “Kellyanne Conway” came in third in the next race.
Oh, and I did my due diligence before the race in Naples, Fla., and was assured that “Donald” and “Kellyanne” were well treated.