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)

Switching It Up

As the market picks up and my profile rises, I've started getting a lot of demands for my time. Too many. Some of them self-inflicted! I publish every week, sometimes more often. On top of that, I push out a monthly newsletter to my email list and post on Quora. Also, I continually get people … Continue reading Switching It Up

Bitcoin’s Next Move: an Elliott Wave Theory

Price arrow with trader making notes

In all my conversations about cryptocurrency, few people ask me about the social, political, and economic impact of cryptographically-secure, time-stamped distributed ledgers. (Which stinks, because I wrote a book, Consensusland: A Cryptocurrency Utopia, to explore that very topic.) No, most people ask “should I buy bitcoin?” or "what altcoin will give me the best shot at making 100x profits?" Those are easy … Continue reading Bitcoin’s Next Move: an Elliott Wave Theory

2020: The Year Wall Street Takes Over Cryptocurrency

Wall Street street sign

Fresh off the German government's decision to let banks store and sell cryptocurrency, Deutsche Bank predicted cryptocurrency will go mainstream by 2022 and eventually replace cash. A cynic might call out DB for hyping crypto now, when they finally have a chance to make money off of it, and not sooner (when they couldn't make … Continue reading 2020: The Year Wall Street Takes Over Cryptocurrency

Education Will Not Get People to Use Bitcoin—Here’s Why

Boy with head in his hands

A few weeks ago, I introduced somebody to Brave, a browser that works faster than other browsers, uses less energy, blocks trackers, and pays a little cryptocurrency, Basic Attention Token (BAT), to everybody who uses it. After she installed it on her laptop, she asked me when she'll get her bitcoins. There are no bitcoins. … Continue reading Education Will Not Get People to Use Bitcoin—Here’s Why

A $100,000 Bitcoin Will Not Lead to Mass Adoption

Mainstream stamped on top of silhouettes

Everybody expects bitcoin's price to hit $100,000 eventually. Stock-to-Flow models, regression analysis, and lots of other models predict it will happen. It's fun to get excited about a $100,000 bitcoin. Many people say this will lead to mass adoption, widespread mainstream acceptance of bitcoin. We just need to hit that psychological target. I beg to … Continue reading A $100,000 Bitcoin Will Not Lead to Mass Adoption

People Will Not Use Bitcoin Because You Give it to Them (And That’s OK)

Professor offering bitcoin.

You've probably noticed a meme that's gone around the cryptosphere for the last few years. Basically, it's "give somebody bitcoin and they'll realize how good it is." Lolli does this and many people think it will get the mainstream to use bitcoin. A few months ago, Michael Nye tweeted some good, brief tips on talking … Continue reading People Will Not Use Bitcoin Because You Give it to Them (And That’s OK)

People Will Not Care About Cryptocurrency Until One Thing Changes

Bitcoin not accepted here.

This Tweet: https://twitter.com/Bitcoin_Bacon/status/1201611036929019904 Hey @bitcoin_bacon, guess what? That doesn't give me confidence. Why would anybody have confidence in a currency that most of its holders don't even use? And if HODLers don't even use it, why should I? Here are some other things that haven't moved in a year: 99% of rocks.93% of posters.84% of … Continue reading People Will Not Care About Cryptocurrency Until One Thing Changes