On Tuesday one of my students in my Bitcoin class was like “when we started this class bitcoin was only around $50,000 and now it’s almost $100,000.” I replied, “yes, it’s causal”
Some thoughts on a Bitcoin strategic reserve. I provide the economic rationale for doing this, but also discuss some of the potential costly pitfalls from doing so.
Have you heard of this thing? Bitcoin? Everywhere I go people are talking about it. It’s really something. Some guy created it. Satoshi. Whoever that is. Nobody knows. Really. Nobody knows. Frankly, it’s a little surprising that nobody knows. I mean someone knows. We don’t know. But we really like the coin. It’s a terrific coin. We’ve talked to coin people and they said it’s probably the best coin. Some people have said I might be Satoshi. Can you believe it?