Paul Vigna
speaker
1,291 appearances
13 recordings
1 series
first heard Jul 2017
last heard Apr 2022
Paul Vigna’s voice in public audio — every appearance, attributed to the second.
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Appearances
WSJ Your Money Briefing · Bitcoin Too Expensive? There Are Others to Invest In · 20 Dec 2017
podcast
These are small markets.
They're relatively illiquid markets.
The other thing you have to keep in mind is these are all experiments.
These are live social experiments in trying to come up with a currency that does not need a government to back it.
No, there's no deposit insurance in Bitcoin.
OK.
And there's no I mean, look, if you're an investor and you put your money, you know, I mean, if you put your money into a specific project and some of these these altcoins have been created by companies.
And you can, you know, allege fraud.
Maybe you can make a legal case against that.
But if you're investing in Bitcoin, Litecoin, Ethereum, you are taking a 100% unhedged risk that these things are going to go to zero.
The main reason is because Bitcoin has been around the longest and Bitcoin has the largest industry and community behind it.
It's a network effect kind of thing.
You have a lot of businesses that are trying to build on top of Bitcoin.
You have a lot of traders.
You have a lot of interest.
I mean, it's literally just the network effect of Bitcoin being around the longest and having the largest community and industry behind it.
I mean, that's really it.
In percentage terms this year, Ethereum is up more.
And I think Litecoin actually at this point is up more.
So some of these, they're starting from a lower base.
Showing 921–940 of 1,291 · page 47 of 65
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