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#AIS: Bestie AMA with Valor's Antonio Gracias
All-In with Chamath, Jason, Sacks & Friedberg
Is Cryptocurrency a Speculative Investment?
Antonio Goit: It's always been very hard to know what the prices of these things should be. So in practice, the price is a function how much liquidity is in the system and when you go through a period of liquidity getting destroyed, it's no surprise that crypto gos with it. We have invested in inter structure assets in and around a block chain,. With daa, a couple of assets, because we believe that block chain itself is a platform shift in the technology of tracking assets. And last time i looked, u cranians are the third largest holders of bitcoin.
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