Re:
https://www.cnn.com/2021/01/02/investin ... index.html
"Bitcoin soars past $33,000, its highest ever"
" 'When any asset climbs in price this fast for an extended period of time I become cautious, and I'd urge anyone trading BTC
to not get caught up in the euphoria,' said Nicholas Pelecanos, head of trading at cryptocurrency firm NEM, who nevertheless
predicts bitcoin could rise to $50,000 by Valentine's Day. 'I believe we are just at the beginning of an immense bull market.' "

Some analysts describe Bitcoin (a specific cryptocurrency) as "crashing upward", providing a useful "Rule of Thumb":
Any cryptocurrency that can be described as "crashing" up or down is not likely to be the cryptocurrency of choice
when a legal currency is replaced by digital money (still a future event). "Crashing" is not synonymous with
financial stability - it's synonymous with "speculation" (sometimes called "investing").

Today's guess: The cryptocurrency likely to be the replacement for a legal currency
will be valued much closer to that currency at the time of the replacement.

What remains mysterious is how a centuries-old "medium of exchange" (coins, later including paper)
that has relatively temporary existence (replaced by newer coins and paper) can transform into a "shadow of exchange"
that has permanent existence (bitcoins don't go away once they're created - ownership just transfers via transactions
and a record of every transaction accumulates in a database ... forever!). A permanent audit trail for every transaction!

When your life flashes before your eyes, all of your date-related financial transactions can flash simultaneously!
Maybe each database should be christened with an initial $6.66 transaction.
Rod
