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#26: Erik Townsend On The Intersection Of Distributed Ledger Technology And Global Macro Investing

Superinvestors and the Art of Worldly Wisdom

CHAPTER

The Parallel to the Dot Com Mania

The situation with cryptocurrency is very similar to the dot com mania. A large group of novice investors made a classic mistake confusing value and price. I think that there's a very, very real chance that the US dollar will be replaced in its role as global reserve currency by a digital currency. But I don't think it's Bitcoin. I think it's much more likely to be a government backed digital currency system.

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