One of the more common reactions I get on the topic of crypto assets is
“I don’t get it. It doesn’t make sense.”
I understand that perspective. Crypto assets are a new way of measuring and tracking value.
But, I ask people to think about what “makes sense,” really?
Two years ago, would it have “made sense” that...
- interest rates on US treasury bills would be negative (if only for a time)?
- oil prices would be negative?
- an entire economy would get shut down for months?
- the Federal Reserve would buy muni and junk bonds?
The word “unprecedented” gets thrown around a lot, but it should be a catalyst.
A catalyst to challenge our assumptions about what “makes sense.”
Co-Chief Investment Officer, Crypto Futura Fund