, Columnist
Bitcoin Isn't an Investment Until Buyers Sweat the Fees
The life cycle of cryptocurrencies in portfolios will come down to cost.
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If you want to know where cryptocurrencies are in their development, keep an eye on fees.
When a new “investment” comes along, investors are often too busy counting their anticipated bounty to care about cost. Shrewd purveyors predictably seize the opportunity to charge excessive fees. But reality inevitably falls short of investors’ expectations, and the focus eventually turns to how much they’re paying to invest.