
Ep. 2147 What Is Happening With Bitcoin?
The Tom Woods Show
00:00
Bit Coin
Bitcoin has a natural floor of zero, and that is where we're seeing it tend toward. We should assess bit coin on its monetary qualities - there's never going to be more than 21 million coins. These are the qualities that we should assess it based on. The reason a thing becomes a money is because it's able to achieve the premium of value above its intrinsic value which makes it a tool of trust. That's why you've seen things in the past,. like in the coola ring, you saw like the beads. And the glass beads ind like a western african coast were incredibly hard to make for their society. When they mixed with the english, the English produce glass beads
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