Bet 790

Duration 2 years (02019-02021)

“By the end of 2021, the price of bitcoin will be higher than it is today.”


Burger's Argument

Bitcoin has been described by some economists as "not decentralized", "not secure", "not scalable", and a "total flop". Others have compared bitcoin to tulip mania of the 1600s, and many have predicted its imminent demise, e.g. Nouriel Roubini at a recent conference in Taipei has predicted bitcoin to asymptotically go to 0 over the next five years. I predict the opposite: that bitcoin is an extremely effective medium for long-term savings. The outcome of this prediction is important because it affects the savings of many people, and our understanding of the financial system.

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