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

Cardano Developer Warns Over AI YouTube Crypto Scam

Cointelegraph is committed to providing independent, high-quality journalism across the crypto, blockchain, AI, and fintech industries.All news,...

The Market’s Compass Crypto Sweet Sixteen Study

Welcome to this week’s publication of the Market’s Compass Crypto Sweet Sixteen Study #259. The Study tracks...

The Anthropic Pre-IPO Challenge: compete for $20,000 USDG on Kraken Pro

TL;DR The Anthropic Pre-IPO Challenge runs September 17...

Payward Wants to Put US-Regulated Perpetual Futures on Hyperliquid

Payward plans to bring US-regulated perpetual futures to Hyperliquid’s on-chain order book. The markets would use Hyperliquid’s...