SLP332 Vijay Boyapati - The Bearish Case for Bitcoin
Stephan Livera Podcast
00:00
Is Bitcoin a Speculative Asset?
Every exchange that we do is a speculation. What i'm talking about more is the kind of speculation where you're looking at the price of something, like you'd look at the stock market and try to anticipate where that price is going. And by doing that, by speculating in gold on that way, and increasing its purchasing power, they're hastening its adoption as money. The very act of going and buying bitcoin with that belief hastens that future happening. It's a difficult thing, what sod sort of reason about, because it's kind of a feedback lop.
Play episode from 22:02
Transcript
