Cryptocurrency Investment Theses – Part 2: Bitcoin is Internet Money

Warren Buffet correctly identified there is no cash flow from holding Bitcoin1. Therefore, buying Bitcoin cannot be classified as an investment. Others have called Bitcoin a pyramid scheme or outright the biggest price bubble the world has ever seen.2

In this series titled Cryptocurrency Investment Theses, I want to explore why I believe Bitcoin and other cryptocurrencies will continue to generate and capture value.

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