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Is there a future for Bitcoin? An investor and a skeptic make their case
Decoder with Nilay Patel
Bitcoin
The focus is more on getting it up to speed as a large scale monetary good, and then maybe once it is more mature, we can develop ways a to spend it. At this point in time, you probably wouldn't want to. We expect this experiment to play out over the course of decades. It's the same way that you don't really spend gold. But gold is worth ten trillion dollars in the aggregate. The fact that it's not used in a retail payment context, no one buys coffee with grains of gold, that doesn't deal legitimize gold as a monetary good. People are using it more as a wayght a store value over time, especially relative to sovereign
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