Sometimes people speak of Bitcoin and I get a moment of disorientation before I realize they're speaking of it as an *investment*.
Like gold, oil, Nvidia stock, etc.
There's nothing wrong with that, but it's a single dimension: up good, down bad.
Corollaries:
1. This is fungible: there are other investments, some of which may be better at going up.
2. They may be "really into" Bitcoin, but it's a phase: some other financial winner will come along.
3. There are no deep insights here, just a lot of effort to predict numbers.
4. They're not wrong: finance is important. But for me it's like doing my taxes: I do it, but I kinda resent the time I spend on it.
Like gold, oil, Nvidia stock, etc.
There's nothing wrong with that, but it's a single dimension: up good, down bad.
Corollaries:
1. This is fungible: there are other investments, some of which may be better at going up.
2. They may be "really into" Bitcoin, but it's a phase: some other financial winner will come along.
3. There are no deep insights here, just a lot of effort to predict numbers.
4. They're not wrong: finance is important. But for me it's like doing my taxes: I do it, but I kinda resent the time I spend on it.