1.1 KiB
1.1 KiB
Bitcoin
Bitcoin is the first crypto asset investment developed in 2008 by Satoshi Nakamoto.
Properties
Bitcoin is not a currency.
Bitcoin is a speculative investment.
Bitcoin is a bearer instrument.
Bitcoin is deflationary.
Bitcoin has no fundamental value.
Bitcoin has no use value.
Bitcoin has no income-cashflows.
Bitcoin has a present-value of zero.
Bitcoin has a terminal-value of zero.
Bitcoin is a greater fool theory asset.
Bitcoin is a non-productive investment.
Bitcoin has a negative expected return.
Bitcoin is a security.
Bitcoin is allegedly a sound money in the Austrian economics school of thought.
Bitcoin is based on consensus algorithm known as Proof of Work mining.