Kiplinger

7 Reasons Bitcoin Is Doomed

Usually I have a fairly strong opinion about the stocks, bonds and funds I write about. I know I can be wrong -- my less-than-flawless track record demonstrates that. And I can't recall a time when I had such a strong opinion on an investment that I couldn't see the other side of the trade.

But that was before Bitcoin and the more-than-1,500 other cryptocurrencies.

These are a bubble -- in fact, one of the largest bubbles in human history. I am as sure as I can be of anything that they will get clobbered, and that all but the earliest buyers will lose a ton of money. Those who hold their cryptocurrencies likely will lose every penny they invested.

In fact, my main worry about Bitcoin

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