Where are the crypto-currency millionaires?

[Nathan Gesner]

Crypto currency is down 70% since December. Just 3-6 months ago, crypto was the hot new thing with a lot of BP'ers chastising conservative-minded folks like myself for not jumping on the crypto train. 

"Just invest a small percentage! How can you possibly go wrong? People will be buying houses with crypto!"

Are any of you crypto fans willing to share your stories? How much did you invest? How much did you win or lose? Will you continue investing in crypto?

[Charles Worth]

@Engelo Rumora

Thats a lot to have in one? I have it through a fund too though but a lot more of them as well.  We should talk crypto when you come back to NYC

@Nathan Gesner

Its still up huge from prior levels and people have bought houses with crypto. Thing is its a technology so price is really not all that relevant except for people making money with house gains (i.e. buying houses with crypto). Being able to use blockchain for various RE uses and/or money transfer activities is still unchanged as a thesis. If anyone but the tech people behind those efforts will make money is an open question. 

It is also already being used. For instance, in Chicago where I own RE every property now has a blockchain address that you can use.  Like any technology including the internet we are using now I am sure it will be a long time though before the final results are in.