To investors, I am often asked about my opinion on bitcoin and the crypto industry. While it is easy to articulate the answers to specific questions, I’ve recently found it difficult to express my macro view of the industry. That all changed on Friday when I read
Solving the largest problem is usually rewarded the greatest.
money is technology. you're not saying much by separating them. like, lol:
>The technology revolution has manifested itself in thousands of non-bitcoin crypto assets. There are commodities, equities, and debt.
... technology... will be manifested... in commodities, equities, and debt.
... those things are money.
Great article and perspective! On citizens bring maximalists, I wonder if they are more like forced maximalists in that good are priced on the home currency so they are naturally biased towards it unless there is a clear and/or frequent devaluation of the currency's purchasing power, e.g. many consumers in the developing world favouring the US dollar over their domestic currency.
Great report this morning Pomp! I’m guessing that you’re easing up on people that are invested in crypto assets other than Bitcoin ie “They are wrong.” I personally believe it’s best to spread the risk and potential investment gains in more than just one asset AKA Bitcoin. I hope you agree that other crypto projects deserve respect and attention.