3 ms·
Aswath Damodaran: https://www.businesstoday.in/crypto/token/story/currency-that-no-one-uses-why-valuation-guru-aswath-damodaran-isnt-bullish-on-bitcoin-395418-2
by thelastgallon 3y ago
Aswath Damodaran: https://www.businesstoday.in/crypto/token/story/currency-that-no-one-uses-why-valuation-guru-aswath-damodaran-isnt-bullish-on-bitcoin-395418-2023-08-24 https://www.businesstoday.in/crypto/token/story/currency-tha...
Bitcoin is the currency that nobody uses and a collectible that doesn't behave like a collectible.
He also questioned its role as a hedge, stating, "It's gone up as stocks have gone up, it goes down when stocks go down. This is not the way a collectible is supposed to behave."