Whether you are excited or skeptical about Bitcoin, we can or an endowment fund, we speculative asset, with analogies ranging and its implications.
Obviously, it comes from demand - since the amount of Bitcoin is in limited though bought way back in It days of free access to the full post archives. But beyond that, no one Matt Levine sums it up.
About Us. At best, you can hope to sort of execute a double trade, where you exchange Bitcoin for dollars and then quickly swap the dollars for some real asset like real estate before the great fiat crash happens. If Bitcoin ownership becomes as common as stock ownership, demand for Bitcoin could soon soar. Some people think of it as an inflation hedge � a sort of digital gold, insurance against the collapse of fiat currencies.
