I think Bitcoin is the brand leader and the top dog over history would be the one that has the best shot of all currencies to be a so-called future fiat currency. Ether is the, actually is the only other one that I think has simultaneously the brand name and then structurally could also in some ways probably work better as a currency because it doesn't have that limited number, permanent number. And there's no real evidence that Ethereum is being used as a currency in day-to-day transactions. So I basically view these cryptocurrencies as very speculative assets and That's the way they're essentially used in the world at large.
Bitcoin was supposed to be unrelated to the stock market, act as a hedge against inflation, and serve as a currency for private transactions. Maybe, it’s just a volatile store of value. Is that so bad? James Surowiecki is an editor at The Yale Review, a regular contributor to The Atlantic, and author of “The Wisdom of Crowds”. Motley Fool co-founder and Chief Rule Breaker David Gardner caught up with Surowiecki on his podcast, Rule Breaker Investing. This show is a cut of their conversation. They discuss: - Lessons from Bitcoin’s past boom, and its place as cryptocurrency’s “top dog” - The correlation between crypto and tech stocks - One company that’s tied its fate to the success of Bitcoin - Meme stocks from the lens of cash flow investing Tickers mentioned: BTC, ETH, MSTR, GME This episode is just part of an interview aired on the Rule Breaker Investing podcast. You can listen to the entire conversation here. Host: Mary Long Guests: David Gardner, James Surowiecki Engineer: Rick Engdahl Producer: Ricky Mulvey
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