Bitcoin hits $20k

December 16, 2020

Today Bitcoin hit an all-time high, flying past the $20,000 mark.

This is exciting on multiple levels.

Bitcoin is the perfect asymmetric bet. If it doesn't work, "oh well," but what if it does? It seems reasonable to think that its value will be many times today's value in the positive scenario.

I am aware of Bitcoin's many flaws, but I think that most of its critics are busy explaining why it will not work, more than why it is working.