The argument for bitcoin has always been the same: (1) store of value, (2) medium of exchange, (3) speculative asset. The best case is #3. And I couldn't agree more about the lack of fundamentals and "interest" or "vibes" being the sole argument as to why the price fluctuates.
When I was at JPM, we jokingly said internally how crypto was something you did for fun. But the unfortunate truth, tactical and strategic investing is often boring af
Spot on, as always. BTW what ever happened to NFTs 😀?
Well done, Ed.
The argument for bitcoin has always been the same: (1) store of value, (2) medium of exchange, (3) speculative asset. The best case is #3. And I couldn't agree more about the lack of fundamentals and "interest" or "vibes" being the sole argument as to why the price fluctuates.
When I was at JPM, we jokingly said internally how crypto was something you did for fun. But the unfortunate truth, tactical and strategic investing is often boring af
hahahaha! Absolutely love this dunk on Michael Saylor who I consider one of the most annoying persons in business (even though I own Bitcoin)
Excellent commentary, Ed.