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Joe's avatar

I think it is more a replacement of investments in real estate, bond & stocks rather than a replacement of a currency (i.e., real savings)... That said,

Good 'mental picture' explanation of the bitcoin halving:

"think of it like half the gold mines in the world suddenly shut down and can never re-open"

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The Econolog's avatar

Bitcoin has established itself as a legitimate investment asset, and the ETFs were the catalyst for broad appeal. Curiously, this is a unique US feature. In other regions (Europe, and I guess many Asian countries which follow similar fund rules) an ETF on bitcoin is not possible due to concentration rules. It gives US investors a head start, and as things stand European regulators will sleep over this sea change.

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