Paul Tudor Jones: “There’s very little trust in it right now…. We’re witnessing the “birthing of a store of value”.
“Every day that goes by that bitcoin survives, the trust in it will go up,”.
Smart man.
The “surviving builds trust” he refers to, is called the Lindy Effect (By @nntaleb). It basically means that the longer an idea survives (and the more enemies it has), the longer is its future life expectancy. Time + adversity is the ultimate judge.
Bitcoin has been around for 11 years, so in that respect the future life expectancy isn’t great (compared to something like gold), according to “Lindy logic”.
However, Bitcoin is surviving despite great enemies. It’s a threat to the state monopoly on money. It’s a great challenger to “analog finance” across the board. The bounty on its head is literally billions of dollars. Yet it survives.
Fascinating.
Here’s the Paul Tudor Jones Bitcoin interview:
Trader Documentary About Paul Tudor Jones
This documentary about Paul Tudor Jones is amazing, if you fancy markets and trading.