2 ms·
If you want to understand the broader macro story around bitcoin, go listen to Lyn Alden. https://www.youtube.com/watch?v=f_JmGLMjIOk&t=27s https://www.youtube
by anm89 6y ago
If you want to understand the broader macro story around bitcoin, go listen to Lyn Alden.
https://www.youtube.com/watch?v=f_JmGLMjIOk&t=27s https://www.youtube.com/watch?v=f_JmGLMjIOk&t=27s
- lifty 6y agoI love that Lyn Alden get's referenced more and more on HN. She manages to break down macro-economic thoughts and analysis in a clear and concise way. +1 for reading and listening to her materials.
- shadowofneptune 6y agoThis is not exactly what I was looking for. Bitcoin is being treated as a risky investment, not as a reserve currency. I do not understand what led to Bitcoin becoming that instead of serving its stated goal as an online currency.
- anm89 6y agoCare to share your data behind that assertion? Go look into the amount of btc being held by corporations as a treasury asset. There's a provable number and it says large financial interests are interested in hold large amounts of bitcoin as a reserve.
- shadowofneptune 6y agoSo companies are holding some amount of bitcoin, as the article above says. Reserve currencies are used by central banks. From a quick search, the two main reserve currencies worldwide are the US dollar and the Euro. Not sure how Bitcoin plays a role. Meanwhile, what I see when Bitcoin comes up is about speculation. That is what I am most surprised by, and I still cannot find information explaining why it happened.
- anm89 6y agoSo there's the narrative. You disagree with it. I don't get what more needs to be said. Go short it if you disagree.