Our Foolish Opinion of Bitcoin

In this edition of The Motley Fool's "Ask a Fool" series, Motley Fool One analyst Jason Moser and Motley Fool Stock Advisor analyst Brendan Mathews take a question from a reader who asks: "What are your thoughts of Bitcoin? I have done some research and I am still not so sure. I would love to hear your opinion and get some advice."

Brendan points out that Bitcoin is a currency, and thus it's not necessarily a vehicle for investment; it's a vehicle for speculation. Jason points out the incredible uncertainty involved in investing in Bitcoin -- its value is likely to be volatile based on factors that investors can't predict. Both Jason and Brendan find Bitcoin to be an interesting experiment, but neither thinks it's worthy of an "investment." In fact, if you gave Brendan a Bitcoin, he'd sell it and buy stocks.

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