Investing in Cryptocurrencies?

Felix: How do you distinguish between what you describe as something you put money into with the idea that it's going up and an investment? Emily Peck: Derivatives are a zero sum game. If I just buy a pile of puts and calls, I will wind up losing my money in over the long term because there's no growth there. Felix: It could still become part of the financial system long term, which is comprised of both investments and gambling that looks sophisticated.