
SLP3 - Bitcoin Investment Theses with Pierre Rochard
Stephan Livera Podcast
00:00
Bitcoin Investment Theses
We've never had a money that is this deflationry. What are, what is people's margin propensity to hold bick coins in two thousand 100? And so if we kind of triangulate based on things like goldor or fiot, we can clearly see that bick coin will have an astounding marginal propensity to hold and thus a astronomical value at the margin. But there's potentially billions of machines. There might be more machines than humans eventually. And so that might be a very, very large market of holders that just don't hold for very long. I think you make a good point there, that gold is not the appropriate comparable. The gold market is worth seven or eight
Play episode from 05:35
Transcript


