Want Bitcoin’s Price to go up? Bet on People, Not Inflation

Financial uncertainty makes people do strange things. In April 2020, people bought oil contracts, silver, and shares of companies that have no customers or revenue. This, despite massive job losses, pandemic disease, and a global economic meltdown. Silver plays no role in modern finance and we have enough oil above ground to last six months under … Continue reading Want Bitcoin’s Price to go up? Bet on People, Not Inflation

Two Minutes on Bitcoin—May 26, 2020

Now and then I write two minute’s worth of thoughts on bitcoin. It’s my very, very brief commentary. I hope you enjoy it. To really make the best decisions, you have to understand what’s going on around you. You have to grasp that larger world of which crypto is only a small part. If you … Continue reading Two Minutes on Bitcoin—May 26, 2020

Why China’s Cryptocurrency Matters More Than Bitcoin

Chinese currency notes

Cryptocurrency advocates remain massed and ready to rush the barricades of traditional finance. Who will rise to lead this charge? The Chinese government, if you can believe that. It will soon launch a digital yuan on its nascent Blockchain Service Network (BSN), dubbed "the blockchain of blockchains.” It's already testing this digital yuan in several … Continue reading Why China’s Cryptocurrency Matters More Than Bitcoin

The Best Way to Talk to Normal People About Cryptocurrency

In August 2019, I published "Stop Arguing With People. Show Them How Cryptocurrency is Useful." Earlier this year, I wrote "Education Will Not Get People to Use Bitcoin—Here’s Why." Contradiction? No. Most people don't like to learn or argue, but they like useful things. Maybe that's where cryptocurrency fails? In late 2019 and early 2020, … Continue reading The Best Way to Talk to Normal People About Cryptocurrency

The Biggest Problem Cryptocurrency Solves That Nobody Talks About

Thinking face emoji

It's 2020. Bitcoin's been around for eleven years. Ethereum's almost six years old. Cardano's still in the womb. Over that time, cryptocurrency has given true believers enough evidence to claim it's legit technology while giving mainstream thinkers ample opportunities to say it's a scam. Meanwhile, the vast majority of people care about only one thing: … Continue reading The Biggest Problem Cryptocurrency Solves That Nobody Talks About

Why Buy Bitcoin: The Ultimate, Easiest Investment Thesis Ever

Professor offering bitcoin.

Whenever bitcoin comes up in conversation, somebody always asks me whether they should buy it. In the midst of financial crisis and pandemic disease, they're still all about the money, not the substance. Do they think they might need a source of money that works when banks don't? Do they care about the potential social … Continue reading Why Buy Bitcoin: The Ultimate, Easiest Investment Thesis Ever

Bailouts, Not Inflation, Will Make Bitcoin Boom

Woman holding a bitcoin sign

According to social media, Coronavirus-related money-printing will send bitcoin’s price to the moon. https://twitter.com/jpurd17/status/1241783612158197760 The BRRRR meme is strong, but this financial panic will take a while to play out, with uncertain consequences for all of us. I would not bet on inflation, though we may get it. If you’re going to bet on anything, bet … Continue reading Bailouts, Not Inflation, Will Make Bitcoin Boom

Two Minutes on Bitcoin — March 13, 2020

Man staring sadly

If you subscribe to my newsletter, Crypto is Easy, you know my investment thesis on bitcoin: it works even if the financial system doesn’t and its price goes up over time. Few assets do both, and none of them can match bitcoin on cost, accessibility, or liquidity. Therefore, everybody should have some. For eleven years, … Continue reading Two Minutes on Bitcoin — March 13, 2020

Why Bitcoin Doesn’t Feel Like a Bull Market

Sad man in street

Imagine I told you I created a technology that could revolutionize finance and governance. As the #1 competitor in a $100 trillion market, it has a massive first-mover advantage. Thousands of developers use its technology and several billionaires have launched new ventures to bring it more value, utility, and positive attention. China and the Marshall … Continue reading Why Bitcoin Doesn’t Feel Like a Bull Market

Six Conversations We Need to Have About Cryptocurrency Now (But Won’t)

Giraffes chatting

Recently, Warren Buffett told the world cryptocurrency has no value. He doesn't own any and never will. This revelation set Twitter on fire and sent shockwaves through the cryptosphere. That anybody would care whether a rich 89-year-old owns bitcoin? I suppose it's a big deal. After all, Warren Buffett has a lot of credibility, so … Continue reading Six Conversations We Need to Have About Cryptocurrency Now (But Won’t)