Crain’s New York Business interviewed DataTrek co-founder Nick Colas on everything from his bull case for US equities to his best sector picks for 2022. Here’s an excerpt from the interview with Nick’s thoughts on Bitcoin:
“I think of it this way: People have lost money when the price of bitcoin fell or their wallets were robbed, but the underlying blockchain has never been hacked—not once in 13 years. That’s a valuable system, and a $1 trillion valuation sounds like an OK number for it. Bitcoin is like Tesla: Both are call options on a very specific future.”
Read the full article here in Crain’s NY Business!