In this clip from today’s edition of The Macro Show, Hedgeye REITs analyst Rob Simone talks how he thinks about cryptocurrency, financial transactions, and how digital assets relate to real world investment strategies.
"Rewind the clock back to 1850 and buy an acre on Madison and 52nd. Effectively what you're doing is buying a call option, without really knowing what's going to be built on top of it - all the economic activity that will be built on top of it in the future...
And it's a carry-free call; you don't have to pay taxes (until you sell it), you don't have to pay utilities, etc."
"Bitcoin is more like digital real estate."