1. "Where is the real value here?"
Graham always said, "Okay, it's an asset, but what's its real value?" 🤔 Crypto doesn't generate income, it doesn't pay dividends. It's not like company shares, it's more like gold - you hold it, but it doesn't generate anything. Graham would look at cryptocurrencies skeptically and say, "There's a whiff of speculation in there somewhere."
2. "It's more like a casino."
Graham would immediately see the signs of gambling in crypto. 🎲 He would say that crypto is a speculation, not an investment. The price rises and falls on waves of sentiment and rumors, not on real financial performance. "You're here to gamble, not invest, mate!"
3. "The risks are simply off the charts."
Capital security was Graham's top priority, and here he sees red flags 🚩: volatility, cyberattacks, lack of regulation. He would warn: "It's easy to lose everything here!"
📉 Would Graham enter crypto?
Probably not. He was a fan of stable, long-term strategies. Graham wouldn't invest in something that couldn't be assessed using his methods. Maybe he would study the phenomenon, but risking serious money? Not his style.
🤷♂️ But what if he decided to take the risk?
- Minimum risk: no more than 5% of capital.
- Buy on dips 📉 — but only out of curiosity.
- Only top cryptos: Bitcoin, Ethereum and other oldies.
- No emotions. Only calculation, analysis and strict risk control.
But even in that case, he would repeat: "Don't confuse investing with gambling." 🎯 That's how he would look at crypto: on the one hand, interesting, on the other, risky. But who said that risk is bad? 😉
