Jurrien Timmer Explains Why Crypto Is Macro
Raoul Pal: Real Vision
00:00
BitCoin's Volatility as a Payment System
Bing priced in eath as like the intenet currency. But there's also a lot get built on having this bench mark yield. I think it actually makes defy a lot more understandable for people what risk you're taking. What's a 20 % yield? Where does it come from? Versus eth, which is, in eth terms, as a local currency bond. Essentially it's risk free as aLocal currency bond, as long asyou wanto take the currency risk.
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