‘ There are several asymmetries in Bitcoin. The first and most obvious is the asymmetric payoff. Becoming a new base layer money for the world will either work or won’t. And the current price of Bitcoin at any moment in time is the market’s belief on whether it will succeed at that mission. Asymmetric bets are the hallmark of radical innovations and have high volatility in the short and medium term. The asymmetric payoff has attracted much of the early investor interest in Bitcoin, many for the conviction that it will be the store of value of the future. ‘