Sonnenshein: Bitcoin is digital gold, not a daily transaction currency
Michael Sonnenshein · Crypto for Institutions 2 – Michael Sonnenshein – A Path to Entry (Capital Allocators, EP.181) · Mar 11, 2021 · at 41:31
Grayscale CEO Michael Sonnenshein addresses criticisms that Bitcoin has failed because people do not use it for retail payments like buying coffee.
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“In the developed world, Bitcoin is at a minimum in today use case, It's digital gold. It's speculative in nature, and it may not be anything in our lifetimes other than a digital store of value. It certainly has the potential to be all kinds of other things, but it is certainly in very many investors' minds outshining gold, so to speak, because it's more divisible, more portable, and is actually scarce.”
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