My Long-Term Investment Case for Bitcoin

Date:

Share post:



My Long-Term Investment Case for Bitcoin

The solution in such a scenario, however, is simple. You need a neutral and mutually trusted asset in between. Gold could serve this role, and has done so historically, but it is inconvenient and expensive to send gold around physically. Oil could also be used, but is not divisible enough and is expensive to store and protect. Lastly, one could imagine small neutral countries like Switzerland acting as intermediaries, but they are likely to come under too much pressure from the larger centers of power. Bitcoin, however, is in many ways designed for the job.



Source link

Leave a reply

Please enter your comment!
Please enter your name here

Related articles

9 Carry-on-approved Travel Capsule Wardrobe Styles

After too many jet bridges spent gate-checking a bulging roller bag and one too many hours...

50 Best Target Circle Week Deals, Up to 82% Off

Listen up, jet-setters! Target Circle Week—a.k.a. one of the retailer’s biggest sales of the year—has officially...

Weekly Crypto Wrap: BTC Recovers From Conflict Dip, Analysts Forecast New All-Time High

The crypto market experienced a turbulent week, with bitcoin briefly surpassing $110,000 before ending with a modest...
Verified by ExactMetrics