The simple reality is all action is speculative action, and all assets are speculative assets. The question that must be addressed is not if but how we should speculate on bitcoin.
Discussion
Thanks for sharing. This sentence stood out to me: “Bitcoin may be a speculative asset, but so is the US Dollar.”
Exactly! money itself is not free from uncertainty and speculation.
"Anyone who acquires money is speculating that the acquired cash balances will be more valuable in the future than any present investment and that the purchasing power in the future will be at a satisfactory level."