https://mises.org/blog/why-cryptocurrencies-will-never-be-safe-havens
So, a goldbug on a pro-PM website writes a blog about why Bitcoin will never be a safe haven asset like PMs.
Wait scratch that, he never implied that Bitcoin won't. He said "Bitcoin and other cryptocurrencies" won't.
Wait scratch that, not only did he use the term cryptocurrencies plurally and as a whole, he included ICO tokens as further justification.
So let much just set the record straight for these ignorant and misinformed people:
No you're correct, "cryptocurrencies" LIKE Bitcoin (altcoins, etc.) or ICO tokens as a whole will NEVER be safe haven assets.
But Bitcoin specifically WILL be.
So, a goldbug on a pro-PM website writes a blog about why Bitcoin will never be a safe haven asset like PMs.
Wait scratch that, he never implied that Bitcoin won't. He said "Bitcoin and other cryptocurrencies" won't.
Wait scratch that, not only did he use the term cryptocurrencies plurally and as a whole, he included ICO tokens as further justification.
So let much just set the record straight for these ignorant and misinformed people:
No you're correct, "cryptocurrencies" LIKE Bitcoin (altcoins, etc.) or ICO tokens as a whole will NEVER be safe haven assets.
But Bitcoin specifically WILL be.
The Spitznagel article was also published on Zerohedge. Ludwig Von Mises has turned around in his grave... .