Chris Dixon Archives - CoinDesk

Bitcoin is the Most Stable Store of Value in History

This is the best tl;dr I could make, original reduced by 86%. (I'm a bot)
You know how the story goes: Bitcoin is wild, violent, unstable.
In an infamous hit piece from 2013, poisoned-penned pop economist Paul Krugman wrote "Bitcoin is Evil" and "It's completely unclear why Bitcoin should be a stable store of value." Famed Futurist Ray Kurzweil said the same thing just last week: "Currencies like the dollar have provided reasonable stability. Bitcoin has not." The never shy billionaire Mark Cuban called Bitcoin a big bubble poised to pop.
Pizza, PizzaEvery year we celebrate Bitcoin Pizza day on May 22, to commemorate the first time someone persuaded a real world shop owner to take made-up funny money for something tangible.
Now every year someone writes a variation on the story "How much are those pizzas worth now?" A few years ago those 10,000 Bitcoins were worth $7 million USD. Today they're worth about $27 million.
In another decade they might be worth $1 billion if famed Andreessen Horowitz VC Chris Dixon is right and Bitcoin rockets to $100,000 a coin.
That's why when Bitcoin goes up 10X everyone focuses on the inevitable 30% drawdown after months of a bull run.
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BIG NEWS - US to Promote & Encourage Crypto Innovation & Blockchain Tech

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