Why would I need to hold a short position to provide a perspective?

Today it is nothing but a scheme for extreme wealth transfer. Early adopters and large holders control a significant portion of Bitcoin (aka Billionaires), creating wealth concentration. Add technical barriers on top of that and now you have even more imbalance.

Yes Bitcoin and non inflationary design is really cool. I love the tech. But it fails the necessary conditions of being a trustable store of value (volatility), medium of exchange (transaction speed limits), or a unit of account (it ultimately is still translated to dollar amount).

@mcuban.bsky.social I have not seen one use case for crypto that is compelling. All I see are meme coins and trading over assets that have no underlying value. Am I missing something? Why are you so bullish about crypto?

Beets