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BTC-USD
Bitcoin USD·Cryptocurrency·US
Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries....
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BTC-USDBitcoin USD
2020-03-30Analysis
Externalby Mark Helfman · Substack
Bitcoin Investment Thesis
The author's investment thesis for bitcoin is based on two main points: it's a hedge against the collapse of the financial system, and its price tends to go up over time. The author emphasizes that bitcoin's technology is based on math, not people, making it resilient to failures in traditional financial systems. The price trend is supported by the 200-week moving average, which has historically served as a floor for bitcoin's price. The author also mentions the ability to use bitcoin for transactions as a bonus perk.