• Home
  • About
  • ‘Enforcement 40’ for 2020
  • Webcasts
  • Enforcement Hall of Fame
  • Contact
Securities Docket
FTI 480x60
  • Class Actions
  • Criminal
  • Global
  • People
  • SD Insider
  • SEC
  • Video
  • Subscribe by email
  • Subscribe
Browse: Home / 2022 / June / 22 / Don’t Believe the Obits for Bitcoin – WSJ

Don’t Believe the Obits for Bitcoin – WSJ

By Securities Docket on June 22, 2022, 7:27 pm

It may seem paradoxical to invest in a “predictable” money that loses 70% of its value, but early investors believe that in the long run the predictability of supply will be more important than demand-driven booms and busts. Bitcoin ownership is highly centralized in the hands of individuals who seldom move their coins. If you weathered the 2011 crash from $30 to $2 or the 2018 plummet from $19,000 to $5,000, this latest crash won’t shatter your belief in this project.

As a financial investment, bitcoin is highly speculative, more like venture capital than foreign exchange. If you have no beliefs about monetary theory, you might find these drops extremely unsettling. But strong beliefs are what allow people to ignore the market’s short-term signals and profit when the collective wisdom turns out in the long run to be wrong.

Source: Don’t Believe the Obits for Bitcoin – WSJ

Blog Widget by LinkWithin

Posted in Industry, Top | Tagged Bitcoin

« Previous Next »

Subscribe

‘Enforcement 40’ for 2020

Securities-Docket_Medium-Rectangle_CaseStudyArrow

Our Sponsors

Securities-Docket_260x125_14Sec Ankura 260x125

Join Us On LinkedIn

Join the Securities Litigation and Enforcement Group on LinkedIn

Archives

Copyright © 2022 Securities Docket.

Powered by WordPress and Hybrid.