Rob Luna
๐ค SpeakerAppearances Over Time
Podcast Appearances
There is no way, and I've asked multiple people, in terms of the technology of it in blockchain, and even if you talk about to really, really smart people and some of the vulnerabilities and potentially with blockchain and crypto, with supercomputing coming out that everyone's closing their eyes to, but just say the technology and all those things are solid.
As a substitute, which still people say it could be a substitute to the dollar, never going to happen.
There's not enough liquidity.
It's way too volatile for that to happen.
There's still a lot of problems with nefarious types of things being done through cryptocurrency.
So governments are finding very hard to regulate.
How do you value cryptocurrency?
The truth is it's only worth what someone's willing to pay for it.
You can say the same thing for the dollar, kind of true.
But if you look at the usage of the dollar, if you look at the reserve currency status of the dollar, if you look at trading in currencies, the dollar has actually increased over the last 10 years.
So as bad as we talk about the dollar, it still continues to be the gold standard, if you will.
Cryptocurrency, again, the big problem I have with it is how do you value it?
What's the intrinsic value?
I can do that with gold.
even with silver because there's a use case for it.
There's no utility for cryptocurrency.
So now, can that change in the future?
Can this be adopted by more people?
Potentially, but in terms of, again, who I work with myself,
We build multi-asset class portfolios, gold and real estate and private equity and stocks and all those things.