He mentioned that he doubts bitcoin will be here 5 years from now. He made a big mistake by giving it a short timeline. What makes bitcoin valuable are the holders and the users supporting it. Is he trying to convince us that the people's support will go away within 5 years?
Topic: [2017-09-22] Investor Doug Casey: Bitcoin May Be Money, But It Still Might Fail (Read 3921 times)
September 22, 2017, 08:13:19 PM
September 22, 2017, 03:22:45 PM
Investor Doug Casey: Bitcoin May Be Money, But It Still Might Fail
Investor and anarcho-capitalist Doug Casey recently argued that bitcoin qualifies as money – even he's not sure it'll last in the long term.
In an interview published yesterday, the Casey Research founder discussed his viewpoints behind bitcoin. During the chat, he noted that he first got into bitcoin back when it was valued at around $13, thanks to a gift of a physical bitcoin he received.
Casey notably argued that bitcoin meets the characteristics defined by the Greek philosopher Aristotle. Namely, that it is divisible, durable, convenient to use (in some circumstances) and consistent, according to Casey. At the same time, Casey returned to a belief that he previously held but now argues is wrong: that bitcoin has no "use value."
https://www.coindesk.com/investor-doug-casey-bitcoin-may-money-still-might-fail/
Investor and anarcho-capitalist Doug Casey recently argued that bitcoin qualifies as money – even he's not sure it'll last in the long term.
In an interview published yesterday, the Casey Research founder discussed his viewpoints behind bitcoin. During the chat, he noted that he first got into bitcoin back when it was valued at around $13, thanks to a gift of a physical bitcoin he received.
Casey notably argued that bitcoin meets the characteristics defined by the Greek philosopher Aristotle. Namely, that it is divisible, durable, convenient to use (in some circumstances) and consistent, according to Casey. At the same time, Casey returned to a belief that he previously held but now argues is wrong: that bitcoin has no "use value."
https://www.coindesk.com/investor-doug-casey-bitcoin-may-money-still-might-fail/
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