It is an asset of perceived value in a world where the equity class has trillions of dollars that they don’t know what to do with. Bitcoin’s rise says more abou

It is an asset of perceived value in a world where the equity class has trillions of dollars that they don’t know what to do with. Bitcoin’s rise says more about the lack of other good investments, and makes it clear that assets are priced largely based on how much cash is available to invest rather than any underlying fundamentals of the investments.