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What I invest in, while not risky for me, may be too risky for most people.

My view is that the bitcoin is in its very early days, and it is an artificial currency. But whether it is creating new money, whether it is sustainable, whether it would survive - I have many questions about it.

At its core, bitcoin is a smart currency designed by very forward-thinking engineers. It eliminates the need for banks, gets rid of credit card fees, currency exchange fees, money transfer fees, and reduces the need for lawyers in transitions... all good things.

If we give something value, it becomes valuable.

I tend to look at potential investments from the standpoint of whether it is a valuable contribution to society.

Assess Bitcoins? All you can do is examine the trading patterns, which do not provide a real analysis of any underlying economic value. The economics of investments are not solely based on supply and demand, and that is all that goes into Bitcoin prices.

In truth, the best Bitcoin can hope for is to be a second-rate version of gold, if that.

I always felt like if you get to a point where you've got enough money to invest in something real, you gotta invest in anything that's related to a natural resource because that's gonna be here forever - so you might as well invest in something that's gonna be here, rather than invest in something that's gonna wear out.

My first objective is to invest, and if I have anything spare, then I spend.

Look: invest in what you understand, what's foreseeably going to offer real value and returns, not necessarily what's trendy.