Carson Block

They don't matter.

I mean, there is an intrinsic value to them, which is just the gas fees, as they call it.

But these things trade, obviously, well above intrinsic.

I've looked at Bitcoin at times in the past as a barometer of speculative excess in the markets, as well as

You know, I think there's a recursive effect as well on speculative activity and more valuable Bitcoin becomes, you know, the more froth there is in some other markets.

So barometer as well as cause.

But, yeah, look, I...

I understand, I think it was Warren Buffett who said that if aliens observed our behavior toward gold, pulling it out of the ground, treating it like it has some tremendous value, they'd be completely puzzled.

Yeah, I mean, I understand that.

But the thing is, I think it's so deeply embedded over millennia of human cultures, every culture.

Gold wasn't a store of value.

Gold was value itself.

Could cryptocurrency supplant that or join that in status?

I'm not an anthropologist.

I'm certainly not a futurist anthropologist.

So take my view with a grain of salt.

But I don't think so.

I mean, gold is pretty.

You can touch it.

It has weight.