Yeah, I don't think he gets it. Buying bitcoin isn't an investment, it is savings. It's a subtle difference, but it's important. The value isn't being invested into capital to create goods or services.

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Bitcoin is many things. Digital Gold (an investment), p2p digital self sovereign cash without a government, a CDS on government debt etc.

From reading Principles of Economics (2023), I don't think buying gold would be an investment either and would also be savings.