Earlier quoted context omitted.
> How about $348 billion dollars that says he's wrong about his take on Bitcoin? Market bubbles are a thing. For a while there everyone was convinced that small plush toys were going to help them retire. The market also convinced itself for nearly a decade that "housing prices never go down". Lots of people can be wrong for a surprisingly long time.
Market bubbles are a thing. For a while there everyone was convinced that small plush toys were going to help them retire. Yes, bubbles are a thing, but Bitcoin appears to be something different. It's passed ever test and attack. It's now being taken seriously by mainstream financial professionals, CEOs of publicly traded companies and Wall Street. These facts themselves can't prove that Bitcoin is not a bubble but i…
You're literally describing the bubble. An asset that is worth $20k one day, and worth $6k 6 months later, is worthless to anyone except speculators, speculating on... a bubble.
Disclaimer: I am long BTC.