RE: If Bitcoin Is a Bubble, So Is Everything Else!
Absolutely outstanding article. Follow and upvoted. Really quick, what's your pen name on seekingalpha? (I got the impression you're writing over there as well.) I'd like to add you.
In the meantime, check out my piece on this theme here if you're interested. I'd love to hear your feedback.
Outside of that, I think, in the current environment, we're facing a point with Bitcoin where it's considered a risk-on asset but doesn't behave like one. The demographics of the BTC and alts holders are very different from the traditional investors and as a result those "true believers" don't give a damn what Wall Street thinks. If BTC holds value when we finally get volatility coming back to the market, the true believers would be vindicated. If it doesn't then the naysayers win saying it was just a fad. Ironically, all the planning and jawboning in the world will not protect BTC from what the overall economy will do to it, leaving its marks - warts and all.
In any event, again thanks for the article! Take care!
I write under the pseudonym "Truth Investor" on Seeking Alpha. The demographics and more liberal beliefs supporting Bitcoin are both a reason to believe it can grow further and also why you could believe it is overly priced (as people investing for the reason of politics tend to avoid fundamentals). It is fairly interesting how that might play out. Long-term what I find interesting is what will happen as millennials start growing in influence as the group ages.
I just skimmed your piece and bookmarked it. I'm almost braindead right now because I've been working on this article + video for the last 14 hours straight, so going to save fully reading it when I am a bit rejuvenated. But I'm happy to see someone else covering these topics. Thanks for your comment!
I appreciate ya. I'm about brain dead too but I'd like to keep this conversation going. Looking forward to it.