4 ms·
His argument against it, much like gold, would be that it is merely a store of value rather than a productive asset (e.g., crop-yielding land, companies, etc.).
by csa 8y ago
His argument against it, much like gold, would be that it is merely a store of value rather than a productive asset (e.g., crop-yielding land, companies, etc.).
If you read up on his comments on hold (someone copy-pasted it elsewhere in this thread), you will see that this is nothing more than his investment thesis. It seems to work well for him.
- kolbe 8y agoI understand why he doesn't invest in them. I mentioned that in my original post. I want to know why he is so extremely bearish. Not why it fails to meet his investment criteria. Statements like "rat poison squared" are not the same thing as disliking non-productive assets. I'm sure he doesn't think gold is going to $0. I want to hear why he thinks that Bitcoin is particularly destined for a price of zero. This is the analysis that he never gives us.