Bitcoin should be understood as a technology stock (valued between Google and Facebook in market cap) rather than as a currency or new asset class, and viewing it this way clarifies its poor performance as a medium of exchange and store of value.
normativepending
Speaker
Barry RitholtzEvidence Quote
“Bitcoin isn't a new asset class it's not a currency think of it as a technology company somewhere between Google and Facebook”
Source
Why Money Isn't What You Think: Barry Ritholtz on the Meaning of Money and How NOT to Invest It— Excess ReturnsCreated: 8/11/2026, 5:35:27 AM
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