Morningstar

The smart money is done with crypto gambling. -2-

Provided by Dow Jones Oct 28, 2025, 12:21:00 AM

You want to know the secret to making money in markets? Don't be the gambler. Be the guy who owns the casino. Better yet, be the guy who sells water systems to the casino so the toilets keep flushing while fortunes are won and lost upstairs.

You know this. I know this. The only people who don't know this are those still sitting at the table, convinced this time will be different.

It won't be different. It's never different. The house always wins.

Charlie Garcia is founder and a managing partner of R360, a peer-to-peer organization for individuals and families with a net worth of $100 million or more. He holds positions in gold, bitcoin and Circle.

Agree? Disagree? Share your comments with Charlie Garcia at charlie@R360Global.com. Your letter may be published anonymously in the weekly "Dear Charlie" reader mailbag. By emailing your comments to Charlie Garcia, you agree to have them published on MarketWatch anonymously or with your first name if you give permission.

You understand and agree that Dow Jones & Co., the publisher of MarketWatch, may use your story, or versions of it, in all media and platforms, including via third parties.

More from Charlie Garcia:

These stocks are the real deal for investors in AI - Wall Street is just chasing bubbles

Winning stock investors make money spotting trends early - and this one is just starting

Younger Americans are ditching apps for activities - and these stocks are moving

A dividend-paying 'vending machine' - this oil stock weathers tariffs and OPEC

How this Wall Street skeptic built a powerful portfolio to combat a weaker dollar and higher inflation

-Charlie Garcia

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10-27-25 2021ET

Copyright (c) 2025 Dow Jones & Company, Inc.

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