The bullish case for bitcoin: Why the currency’s downside is far less and its upside far greater than most think.
This week, Warren Buffett made headlines saying bitcoin “has no value.” Time and again, we hear a similar sentiment when discussing bitcoin with investment professionals. Why commit capital to something that could just as easily hit zero as $50,000?
This skepticism grossly underestimates the incredible power of the bitcoin narrative. This week, we read Saifedean Ammous’ seminal crypto book, The Bitcoin Standard, with great interest. An economics professor at the Lebanese American University, Ammous makes a libertarian case for why bitcoin is a necessary and unstoppable rejection of the excessive influence of governments and central banks on “free” markets. Since publishing in 2018, the book has become the logic backbone of the c...
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