http://jessemyers.work Stanford MBA, fmr Bain & Co. #Bitcoin is now a self-fulfilling, snowballing network effect that will eat M3 + SoV portion of Gold, RE, Art, etcSource
Everyone gets caught in the weeds. We hear about Bitcoin and we question the details, then spend a great deal of energy exploring whether the multitude of projects claiming to be better than Bitcoin are the real deal. (After several hours of research, the answer appears to be “yes”; after thousands of hours of research, the invariable conclusion is unequivocally “no”.)
But in pondering all these details, we fail to take a step back and ask a few big questions that really matter:
What is causing Bitcoin’s value appreciation and volatility to-date, and will that driver continue into the...…Everyone gets caught in the weeds. We hear about Bitcoin and we question the details, then spend a great deal of energy exploring whether the multitude of projects claiming to be better than Bitcoin are the real deal. (After several hours of research, the answer appears to be “yes”; after thousands of hours of research, the invariable conclusion is unequivocally “no”.)
But in pondering all these details, we fail to take a step back and ask a few big questions that really matter:
What is causing Bitcoin’s value appreciation and volatility to-date, and will that driver continue into the...WW…