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By Lynette Zang

BrassCheck

Tuesday, Feb 12, 2019

Are crypto-currencies a store of wealth?

Only if you are OK with losing half your net worth in just a few months.

Are crypto-currencies a currency?

Not if you want to pay your rent or buy groceries.

Are crypto-currencies private?

Not any more. If the government gets a whiff you have some and you don’t report it, you have a good chance of getting audited and many exchanges are handing over their customer data to the IRS.

So everything we were promised about crypto-currencies turns out not to be true.

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