Why an RV Is a Better Investment Than Bitcoin

As recovery from the coronavirus pandemic continues, Bloomberg Opinion is running a series of columns looking at crisis-inspired innovations that promise better living over the long run — from more resilient economies, cleaner cities and healthier offices to five-star meal kits, better telemedicine and no more airline change fees.

I can’t understand why people are pouring their hard-earned money into cryptocurrencies instead of campers. The RV boom that began last year shows no sign of slowing down. Shipments are expected to reach record levels this year, and buyers are snatching up units as soon as they hit the lot. Inventory for used RVs is just as tight, and the stock price of two of the leading manufacturers — Winnebago and Thor — has more than doubled. But to me the most compelling reason to choose campers over crypto is pure utility. Sure, Bitcoin can now be used to buy a Tesla, but it won’t get you into a National Park.