I spent time this weekend with some college students. I don’t interact much with this age group, so I found it interesting. Here’s some recon. There was a conversation about money. BTC came up. I asked if their friends know a lot about it. Reply: “Yes, lots of people. They are always looking at it.” I didn’t ask about gold. But something tells me I wouldn't have gotten a similar response. That’s a huge change from 40 years ago when I was in college; there was widespread awareness of gold (it was the aftermath of gold’s surge in the 1970s) and it was an important part of introductory economics courses on college campuses. Takeaway: The perception among young people of BTC as a fundamental part of the financial system isn’t going away. It’s permanent. And these young people will eventually become middle-aged people. We also talked about school-related costs for students these days. I was shocked. It’s not just tuition; there are tons of related fees and costs. This pays the generous salaries of school administrators. I was reminded of a friend of mine who works in fundraising at an Ivy League school and makes $1 million per year. Private schools should be able to charge students -- and pay faculty and administrators -- whatever they want. But if you take taxpayer money, it’s a different story. And these schools have gotten fat off taxpayer money for decades. When someone in fundraising -- fundraising! -- can make more than most people on Wall Street, something has gone terribly wrong. This is a disgrace and it deserves far more attention. I say this as as an Ivy League MBA.