Member-only story
Hedging Your Hodl With Gold And Other Living Things
Hodl, Sayvv, Buidl . . . Sound Money!
Is Bitcoin a new asset class in its own right? No one really knows any more than anyone knows what tomorrow will bring.
Bitcoin remains experimental. No longer new like a newborn, toddler, or cute child but more like a big clumsy kid reaching puberty searching for purpose and direction. Admirers imagine a coming Adonis while detractors fear an emerging Frankenstein.
Yet Bitcoin trading history is fascinating for any student of markets. Its value emerging ex nihilo challenges such canards in monetary theory like intrinsic value, store of value, useful cash, and application of The Regression Theorem.
Prognosticators range from Bitcoin is a bubble and worthless to Bitcoin will be the new global currency and abolish central banks.
Yet unquestionably bitcoin has been wise speculation for prudent men.
It is an asset that handsomely rewards individuals who early on recognize its attributes while punishing those who fail to do so with each…
