Cryptocurrency - end of 2020

As I write this, Bitcoin is trading at $29,300. Two other cryptocurrencies I own but you may not have heard of — Cardano (ADA) and Ethereum (ETH) — are trading at $.18 and $745, respectively.

It’s unhealthy to beat myself up about past crypto trades. At the time, using available data (and probably some emotion) I made the trades I felt made sense at the time. But man… I wish I had held onto my early Bitcoin and Ethereum. It’s not quite two Papa John's pizzas for $288 million bad, but I did miss out on a lot of upside. I was using bitcoin to buy coffee at Coupa Cafe in 2015, plus using it to register domains and even buy virtual land on a Minecraft server that’s long gone now. C'est la vie.

The positive out of this is that my instincts over a multi-year timeframe are essentially correct. I just lacked the discipline to HOLD and add over time. I can learn from that.

For 2021, I’m expecting Cardano to surge as it reaches feature parity with Ethereum (but with lower fees and faster transactions). My expectation is that it will reach $.30 by sometime in Q2, and possibly $.50 by the end of next year. But I wouldn’t YOLO all your money into it based on my dumb predictions or anything.

If you’re interested in a cryptocurrency FAQ, let me know… I have a Google Doc I can share. And if you want to play around, you can even install Coinbase Wallet (https://wallet.coinbase.com/) and I’ll send you some HART coin!