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Smoke and Mirrors

Sigma Investment Counselors

June 4, 2021

According to Wikipedia, smoke and mirrors is a classic technique in magical illusions that makes an entity appear to hover in empty space.

The phrase, smoke and mirrors, has entered common English use to refer to any proposal that, when examined closely, proves to be an illusion.

Investors should ask themselves, does this describe cryptocurrency?

All comments and suggestions are welcome.

Walter J. Kirchberger, CFA®

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