January 20, 2022
Dick Bryan on macro. Investing in crypto should be understood both as a short position and a long position. What does that mean? The short position is a bet that currently-known assets are entering a period of uncertain prices and potentially general decline. As economic assets they are passé. But the long position involves seeing the cryptoeconomy not just as an alternative asset class within a capitalist economy, but as a different notion of an asset itself.