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Reads - What Gives Money Its Value? (And What Actually Backs Bitcoin)

Reads - What Gives Money Its Value? (And What Actually Backs Bitcoin)

Published 1Β month, 1Β week ago
Description

Bitcoin just dropped $18,000 in 10 days. Strategy sold for the first time since 2022. The headlines are screaming capitulation. Zach reads two pieces back to back: Adam O'Brien's "What Gives Money Its Value" β€” a clear-eyed dismantling of the "Bitcoin isn't backed by anything" crowd (spoiler: neither is the dollar, and it's not gold either) β€” followed by a primer on dollar cost averaging, because weeks like this one are exactly why DCA exists. This one's for Uncle Mark.

DCA #WhatBacksBitcoin #BitcoinVsFiat #BitcoinWell #BitcoinReads

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