The Bitcoin Is Art thesis that I put out back in 2015 (The Effete Rebellion of Bitcoin) and recently put forward again (In Praise of Bitcoin) is finding a lot traction recently in mainstream publications like Bloomberg and the Wall Street Journal. I don’t think I’ve ever started a narrative snowball before … it’s a weird feeling!
They say imitation is the sincerest form of flattery. I guess.
Bitcoin Is a Lot Like the Art Market (Bloomberg 5/21/2021)
Both cryptocurrencies and contemporary art rely on scarcity and hype because they have no other real value — though crypto has less price control.
Bitcoin Is More Modern Art or Religion Than Money (Bloomberg 5/21/2021)
Like a shark suspended in formaldehyde, it has value only if we believe it does.
Yes, Bitcoin Is Useless. Many Will Say: So What? (WSJ 5/24/2021)
Cryptocurrencies may ultimately have no intrinsic value, but humanity’s love for useless things means they aren’t necessarily worth nothing.