A House of Cards on a Sand Dune

To the Editor:
Kudos to Joe Light for his cover story depicting the expanding speculation in cryptocurrencies (“Everyone Is Along for the Crypto Ride Now, Even if It Ends Badly,” Aug. 7). I suggest just one tweak, and that’s to Ariel Davis’ house of cards illustration. It would be more to the point if those playing cards were positioned on a sand dune.

Thomas D. Finnigan
Mount Vernon, Va.

A Safe Place for Crypto

To the Editor:
Mackenzie Tatananni’s article on the risks that quantum computing could pose to cryptocurrencies overlooks the rise of physical digital wallets—cards much like traditional credit cards—that offer an additional layer of physical and digital security (“How Quantum Computing Could Upend Bitcoin,” Aug. 8). Crypto that is downloaded onto a card is safe from hackers, regardless of their access to quantum computing.

Most of my crypto is in a safe-deposit box on such a physical wallet. Unless hackers know where I bank, have the key to that box, and can forge my signature; unless they can access that card; unless they have my biometrics and my phone; and unless they know my 16-word passphrase, then they can’t unlock the value of my crypto, even with every quantum computer in the world.

Dr. Richard Auerbach
Sandy Hook, Conn.

Outpacing Inflation

To the Editor:
Confirming the observation of Cresset’s Jack Ablin that exceptional dividend growth at companies with solid cash flow will far surpass inflation, I tracked the dividend growth of my value-oriented, 3%-or-higher dividend portfolio and found that dividend growth was up an astounding 44.4% for the 12 months ended July 2025 versus July 2024 (“There’s $7 Trillion in Money-Market Funds. That’s Bullish for Stocks, Says This Investment Pro,” Interview, Aug. 7). This supports Ablin’s conviction that dividend growth at companies with adequate cash flow will easily outpace inflation.

Mike Meehan
Bradenton, Fla.

Another Value Trap?

To the Editor:
Regarding “The Paramount Merger Was a Bad Deal for Old Shareholders. Buying the Stock Is a Good Bet for New Ones” (Aug. 8), how can you trust a management team that mistreated the Class B shareholders badly in relation to the Redstone shares, orchestrated a vast overpayment for its own Sundance business, and has assumed total voting control over the surviving entity as well as a 70% economic interest? I’ve learned my lesson through the years with value traps where familial interests apparently supersede those of the common shareholders, and this appears to me to be another.

Bill Gottdenker
Mountainside, N.J.

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