Bitcoin is Not a Hedge with Parker Lewis (WiM267)
The "What is Money?" Show
00:00
Money, It's a Hedging Against Uncertainty
The reason we hold cash balances is because we live in an uncertain world. If we lived in the evenly rotating economy, or you knew everything that would happen, you would never need to hold cash. The common thing that everyone has to demand is money in order to be able to get those needs and wants. And from a fundamental perspective, it does that because it's good that everyone needs.
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