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Thanks for the video!
I found it interesting that the phone store owner at the end when he was asked about Bitcoin as a savings technology, he essentially complained that it was too volatile as savings and not volatile enough as an investment. Looks like he has this division in his mind between savings (which need to be 'stable') and investments, which need to return a 100x or otherwise they're not worth it for someone with $1000.
It may be more common than we think that people struggle to wrap their heads around the idea that there could be something in between; something that's somewhat volatile, but more like savings in that it grows in purchasing power forever and doesn't require timing the market. And perhaps that's why we're seeing institutional buying and little interest among ordinary people.
savings in that it grows in purchasing power forever and doesn't require timing the market. And perhaps that's why we're seeing institutional buying and little interest among ordinary people.
You nailed it with that!
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