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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.29+0.6%Nov 7 4:00 PM EST
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From: Julius Wong3/16/2021 9:48:37 PM
2 Recommendations

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Cogito Ergo Sum
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John Hussman On Bitcoin
Mar. 16, 2021 12:30 PM ETBitcoin USD (BTC-USD)128 Comments23 Likes

Summary

Objects like tulip bulbs and Bitcoin differ from securities in that they do not deliver a stream of cash flows to the holder.

Blockchain is a brilliant algorithm, and I expect that it will have a great number of uses for secure transactions and inventory management.

Bitcoin isn't actually creating "wealth." It's only creating the opportunity for wealth transfer, primarily from those who will end up holding the bag.

Read more
seekingalpha.com
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