Bitcoin Is Fool's Gold

London (Dec 30)  Just as gold produces no earnings and provides no dividends, so too is Bitcoin not an investment. In fact, it's "total insanity" according to Charlie Munger, Warren Buffett's right-hand man at Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B). This article details why Bitcoin is "fool's gold," and then reviews 10 of our best ideas for income and capital appreciation in 2018, including a specific big-dividend retail REIT, a Dog-of-the-Dow, a double-discount high-yield CEF, an unloved small-cap industrial, small-cap value, a "battleground" high-yield REIT, several unlikely growth stocks, a steady high-yield MLP, and a highly attractive and conservative income-generating options trading strategy, all of which you may want to consider.

Bitcoin Is Fool's Gold

Here is a performance chart for Bitcoin (OTCQX:GBTC), and despite the volatility, you can see how a lot of people have already made a lot of money just by owning it.

However, Bitcoin is not an "investable" asset. Specifically, NYU Stern Professor, A. Damodaran, does an excellent job explaining how Bitcoin is not an income-generating asset that can be valued, but rather Bitcoin has characteristics of a currency that can only be priced.

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