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I agree that it's volatile, but that doesn't necessarily recommend it as an an investment vehicle, nor is it the case that we have a lot of assurance that the b
by rsj_hn 4y ago
I agree that it's volatile, but that doesn't necessarily recommend it as an an investment vehicle, nor is it the case that we have a lot of assurance that the bottom has been reached.
The main downside of bitcoin is that because it has no cashflow, no one knows how to price it. I agree that in some sense, this democratizes investment in bitcoin, but resistance to any rational investment thesis sure seems a lot like gambling.