Attention Economy


Sunday, January 21, 2024

What Exactly is the Point of Bitcoin?

Crypto may have become boring, but it still isn’t legit
https://www.ft.com/content/c4fd2c69-c69a-49e4-9e93-d687aa801e87

The Bitcoin Hype Is Back and About Just as Hollow as Before
https://www.bloomberg.com/news/articles/2024-01-18/bitcoin-price-surge-masks-same-old-concerns
Yes, crypto has surged since Sam Bankman-Fried went down. And sure, ETFs have made Bitcoin easier to buy than ever before. But the basic story—buyer beware—remains the same. 

Bitcoin ETFs are a siren song, not proof of concept
https://www.ft.com/content/5ea8fa5c-19ef-4679-93a1-63badfb4a49c
Well-established financial institutions might want to be wary of speculation without a broader transactional use for crypto

ETFs Make Bitcoin’s Problems Even Worse
https://www.wsj.com/finance/currencies/etfs-make-bitcoins-problems-even-worse-f48256d2
Bitcoin ETFs are likely to exacerbate its bad performance in crises by bringing in even more speculators to what’s already mostly a speculative asset

Bitcoin ETFs miss the point


 
My take from 2021:
Digital gold: Is Bitcoin the future of money? By Vivekanand Jayakumar, The Hill - 05/24/21
https://thehill.com/opinion/finance/554998-is-bitcoin-the-future-of-money/