Una lezione dal Bitcoin? (parte 1)

Oggi il Bitcoin scende sotto i 10 mila dollari USA. Era arrivato a 19500 solo pochi giorni fa (grafico sotto).

Che dire? Recce'd non lo ha mai preso in considerazione come INVESTIMENTO.

Ma il fenomeno ha assunti, in modo evidente, dimensioni che possono incidere sulla PSICOLOGIA dei mercati. E questo invece ci interessa.

Ricordate il "concorso di bellezza" di John Maynard Keynes?

To explain that psychology, Ludwin invokes John Maynard Keynes. The economist likened investing to a newspaper contest where readers were asked to pick the picture of the person the majority of other people would find most attractive. To win, a reader would have to discard his own judgment and bet purely on a guess of what the average person would find beautiful. Or, maddeningly, even on what the other players would think the average player would like. Cryptocurrency in general is “really one of the most beautiful distillations of the Keynesian beauty contest that’s ever existed,” says Ludwin. All investments have some of this speculative element, but unlike, say, a stock, Bitcoin isn’t a claim on future earnings to which investors can hitch a valuation. To bet on Bitcoin is to believe simply that others will want it.