Ep 33: Aswath Damodaran on Investing
Brave New World -- hosted by Vasant Dhar
00:00
Is Bitcoin the Future of Cryptocurrency?
Bitcoin's biggest enemy are the people or the biggest big biggest advocates for Bitcoin because they've created one of the great speculative instruments of all time an instrument where you can make up 500% in a year. No shopkeeper in his right mind is ever going to price things in Bitcoin because the prices keep moving on you so much during the course of a day it's like nailing Jello to a wall. But what about this notion of crypto as the basis just for a whole new way of being right where you don't need intermediaries I mean there's something to be said for. Are we talking about blockchains now? Yeah, no. Blockchain has nothing to do withcrypto
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