Unit 2: Bitcoin Investment
Why buy and hold Bitcoin? If you simply save in your local fiat currency (USD, GBP, EUR, and so on), you will be losing value over time. In this unit, we will explore this concept and why many people are now turning to Bitcoin as a way to protect themselves from the "melting ice cube" of fiat money. We will also explore Bitcoin's volatility, and whether it must be used as a medium of exchange in the short term to be viable. Bitcoin is moving through phases of evolution, and broadly remains uncorrelated with other assets. Bitcoin detractors also call it a Ponzi scheme or a bubble, or assert that the government will ban it. We will also address these topics.
Completing this unit should take you approximately 2 hours.
2.1: Fiat Money Inflation
2.2: Bitcoin Qualities
2.3: Ponzis, Bubbles, and Government Bans
Unit 2 Assessment