Is Bitcoin A Safe Haven or ‘Schmuck Insurance’?
The Breakdown - Un pódcast de Nathaniel Whittemore
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Bitcoin is having a terrible, horrible, no good very bad day. Many are using the dump - which aligns with a broader market selloff among Coronavirus fears - as a way to diminish the “bitcoin as a safe haven” narrative. In this episode, I revisit that narrative & argues that it is uncomfortably bunched up with the uncorrelated asset narrative, or, as Chamath Palihapitiya calls it “schmuck insurance.” This episode also covers: -CBDC news from Canada and China -Mt Gox 6 yr anniversary
