The HiFi Bitcoin Letters
The HiFi Bitcoin Letters
Letter #114: The Bitcoin Network Is Highly Productive
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Letter #114: The Bitcoin Network Is Highly Productive

Read now to learn how Bitcoin produces value as a decentralized monetary network.

Dear Readers,

The growth of the Bitcoin network over the past 13 years is staggering. Billions of dollars’ worth of wealth are stored on it and millions of people are using it to secure their financial freedom and future. But Bitcoin is not without its detractors.

There are likely many people who genuinely misunderstand the need for Bitcoin, but certainly others whose misconduct stems from malintent rather than a sincere confusion about Bitcoin. While I won’t claim to be an expert on distinguishing the two, a number of people that observers believe are highly intelligent have recently come out against Bitcoin in stunningly uninformed ways.

Take this quote from billionaire investor Warren Buffett for example:

Whether [Bitcoin] goes up or down in the next year, or five or 10 years, I don’t know. But the one thing I’m pretty sure of is that it doesn’t produce anything …

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