Bitcoin for the Open-Minded Skeptic
Topics include:
- Why Now?
- Money
- Store of Value
- Gold
- Paper Currency and the US Dollar
- Bitcoin's monetary features
- Bitcoin as Bubble
- Bubbles as a Go-To-Market Strategy
- The Future of Bitcoin
- Market Size
- Risks
EXCERPT
Bitcoin is a new monetary asset that is climbing an adoption curve. Although it is not yet a
broadly accepted store of value, Bitcoin has great potential as a future store of value based on
its intrinsic features.
Since monetary assets do not arise frequently, Bitcoin is likely to challenge our ordinary
intuitions, and it has stirred (understandable) controversy in the investment world.
Therein lies the opportunity, of course. We believe Bitcoin offers a compelling risk/reward profile
for patient, long-term investors willing to spend the time to truly understand Bitcoin. We hope
this paper provides a helpful starting point.
Read in Full