You seem to have missed the operative words "is going to be". eg: he thinks the bubble hasn't started. There's some support for that-- bitcoin is not widely h

You seem to have missed the operative words "is going to be". eg: he thinks the bubble hasn't started. There's some support for that-- bitcoin is not widely held, most people are still in the denial stage ("it can't work") and it's not really something that has "crossed the chasm" yet. This is the first time a new, global form of money has been invented and it's going thru the technology adoption life cycle. But it's not a stock. It's not something that pays profits, so people aren't sure how to value it. It's not fiat which is relatively stable in price because it's a new technology whose price will have to rise to allow everyone who wants some to have some (assuming large numbers of people want some) so it doesn't fit the traditional paradigms. Comparing it to stock or money markets is going to risk making some false equivalencies or assumptions.