And far too many lazy “you knows” from Fred…
nostr:npub1guh5grefa7vkay4ps6udxg8lrqxg2kgr3qh9n4gduxut64nfxq0q9y6hjy … the conversation with Fred Krueger is a little lazy on his part. People are inherently greedy. Won’t game theory keep asset allocation increasing over time?
Why would anyone stop buying bitcoin if it goes to $500k USD/bitcoin? His flippant attitude towards post-$500k bitcoin is annoying for someone who isn’t already “fiat rich” and playing this game for some sort of self-affirmation.
It seems like he forgets the “absolute scarcity” angle that inevitably accompanies the increase in adoption …
Discussion
Also there are mathematical inconsistencies in his logic. If BlackRock has $50B in bitcoin in the first 3 months, the price of bitcoin will be $1M+/bitcoin. The illiquidity of markets and absolute scarcity is going to create all sorts of problems for these ETFs. PS … I’m not selling.
Would love to hear you jump in there and challenge him more on some of that rambling and jargon.