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For more than a century, the stock exchange has proved time and once again that it's one of the best wealth developers on this world. If you purchase stakes in great organizations and permit your investment thesis to play out over time, history suggests you have a great possibility to build wealth.

For example, a little over a years back, a single (CRYPTO: BTC) might have been bought for around $1. As just recently as this year, that very same token was choosing nearly $65,000. While it's not uncommon for retail financiers to chase after momentum plays, I believe they're mistaken to do so-- especially with cryptocurrencies.

Image source: Getty Images. The cryptocurrency space appears like a gigantic bubble Why no love for digital currencies?  Related Source Here  of the larger problems is their lack of real-world adoption and utility. Bitcoin, the world's biggest digital currency, has actually just been able to handle around 300,000 deals every day for many years.

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To put this into some context, payment-processing giants and dealt with a combined 700 million everyday deals in 2018. On an off-exchange basis, cryptocurrency is (pardon the pun) practically ineffective. The blockchain technology crypto is based on produces another issue. Though blockchain uses new methods to immutably and transparently shop and gain access to information, it's encountered one heck of a Catch-22.

and no major organizations wants to be that guinea pig to demonstrate it'll work. And do not ignore the truth that some governments aren't OK with crypto contending versus their central bank-backed currencies. A handful of nations have actually outright prohibited digital currencies completely, with China recently forbiding banks and online payment companies from using services to the crypto market.

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And, of course, false information and manipulation run widespread throughout the crypto space. CEO Elon Musk has actually whipsawed both Bitcoin and Dogecoin in recent months with a mixture of tweets and memes. Believe me, this is a sentence I never thought I 'd be writing with a straight face. Tesla at first purchased $1.

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But not long after, Musk ended the program by declaring that Bitcoin mining wasn't eco-friendly. He's considering that changed his viewed obligation to Dogecoin, which may well be the most significant pump-and-dump plan in the crypto space. And if this still isn't enough, keep in mind that every parabolic relocation in history has eventually burst and return to Earth.