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Stephen Diehl on Web3, Bitcoin & Neometalism

Life Itself Podcast

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Is Bicoin a Speculative Bubble?

Bicoin is probably kind of a speculative bubble rather than a commodity. It doesn't have this kind of synthetic demand from the price for for its use case. There's no central issue er the cind of control the supply of it, and there's no price for from its use os a commodity. If you look at the price of be coin and its variance and the price of gold, they don't match. And the don't have the same kind of function as a financial product as each other.

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