2min chapter

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#174 – Tyler Cowen: Economic Growth and the Fight Against Conformity and Mediocrity

Lex Fridman Podcast

CHAPTER

Bitcoin

Bitcoin used to be in the single digits of a dollar, and now it's crossed $50,000 for a single Bitcoin. Do you think it's possible it reaches something like a million dollars? I don't think we have a good theory of the value of Bitcoin. If people decide it's worth a million dollars, it'sworth a million dollars. But isn't that money? Like you said, isn't the ultimate state of money confusion or however beautifully you put it?

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