Before I get going, this YouTube video of a couple of kids experiencing Phil Collins song ‘Something In The Air’ was so great.
YouTube is a rare asset.
In 2020, I keep reminding people that certain digital/software assets have become ‘as good as gold’.
The markets finally care about all the money printing and, the unemployment, the tariffs, the Friday White House dumps and Fat Nixon front running his ‘yelling’ Socialism with Socialism.
The S&P is going up as well because of Facebook, Apple, Microsoft, Amazon and Netflix which are themselves now rare assets. Now that Tesla is profitable, they are a rare asset too.
The last time I mentioned Bitcoin on the blog was way way way way back in May. I thought it was primed to go higher (I own it). Since then, Bitcoin has risen a lot.
I still barely understand anything about stocks and markets and venture capital and software so you should definitely take Bitcoin advice from me. I got this one right from instinct watching bazillions of hours of markets and charts over the years.
People continue to run away from Bitcoin because they do not understand it. I won’t argue with that.
I will say that following people smarter than me about money and software combined with a little intuition keeps working for me and so I will keep sharing the most interesting thoughts around how to better understand the crypto bull market that seems to be coming back.
I love this riff from Matt Levine as it relates to the Bitcoin as a future currency:
A 19th-century Englishman would be perfectly comfortable with having four farthings in a penny and 12 pence in a shilling and 20 shillings in a pound and 21 shillings in a guinea and two shillings sixpence in a half-crown, but would be freaked out by the idea of 100 million satoshis in a Bitcoin; how would you make change? But we lived in a computerized world now, we have gotten used to the idea that everything is just numbers on a screen, and the roundness of the numbers doesn’t matter that much. Sure, hundred-millionths, whatever.
You can keep your Shillings …i’ll keep an open mind and hold my Bitcoins and Satoshi’s.
Have a great Saturday.