Bitcoin: 99% of people don't understand it
Money Geeks
English - November 28, 2020 20:15 - 47 minutes - 43.8 MBBusiness Homepage Download Google Podcasts Overcast Castro Pocket Casts RSS feed
In today's episode we look at what's happening in the world of crypto and the massive speed at which the central banks are trying to get into the game. With Libra poised to launch in January 2021 and China's digital yuan, the rest of the world is in a mad rush to deploy.
Since the fall of Bitcoin price many people that have been long-term critics are jumping on the bandwagon to beat the asset down... calling is useless, manipulated, and a bad call. But no everyone agrees. I state my view on the whole piece called "value", "asset", and share the views of others.
At the end of the day, the questions you must ask yourself are:
What is an asset?
What is value?
When you can answer those for yourself, you'll know what to do.
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