Why You Should Still Own Bitcoin


Earlier this week, coins.fyi writer Cole South posted a mail on why bitcoin no longer HODLs which spawned some animated Twitter discussion. Therefore, it seemed important to provide a quick tour of some of South’s arguments from a Bitcoiner’s perspective. Of course, I don’t hope to change South’s mind and make him buy again, but I think it’s worth an answer so viewers can understand the difference in mindset. The text of South will be enclosed in block quotes at all times.

“Productive assets vs Pet rock assets

In general, I try to own assets that have real end-user demand/utility/cash flow on which they are strictly dependent on market supply and demand.”