Bitcoin Miami w/ Drew Armstrong (Cathedra) and Thomas Pacchia (Pubkey)
Galaxy Brains
00:00
The Negative Effects of Cryptocurrencies on Bitcoin Value
I actually do think this was an exercise worth talking about yeah but basically right there's a lot of aspects of Bitcoin where you're like oh it's a great asset in this scenario that's a sub 5 probability event. We are in the middle of one of them right the US government not paying its obligations right I want to own alternatives right and crypto being another alternative. It's just a matter of time if you just PV like this kind of behavioral response function over time versus what we know are going to be our challenges going forward.
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