According to Menger, money emerged spontaneously through the self-interested actions of individuals. No single person SAT back and conceived of a universal medium of exchange, and no government compulsion was necessary to effect the transition from a condition of barter to a money economy. In essence he believed that the most saleable good in a marketplace becomes money. Thus it is fair to believe that Menger would be very bullish on #Bitcoin.

If you want to dive deeper into the Austrian School and their theories on money, you can check out my Substack episode "How money evolves": https://carlbmenger.substack.com/p/how-money-evolves and/or read the book „On the Origin of Money“ by Menger himself.

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