This interview with a financial ‘expert’ will not age well. It is true that his firm will be left high and dry in the future world of decentralized finance that is the real promise of crypto currencies. Firms like Paulson & Co. haven’t figured out a way to monopolize the trading of these digital instruments. There are no middlemen on the block chain other than the exchanges like Binance, Coinbase, etc.
Only 21M bitcoins will ever be created for eternity. How many dollars will be created in the next 20 years? How many shares of his favorite stock will be issued? Bitcoin brings certainty and scarcity into the world of finance and that is why Wall Street isn’t too keen on it.
I will take BTC over USD any day.
Bitcoin is one EMP away from being worth zero....