NYU's Galloway Says Bitcoin Thrives on Chaos

The video discusses Bitcoin as a reflection of societal mistrust in institutions, particularly central banks. It highlights Bitcoin's appeal as an investment independent of government control, emphasizing its unique value proposition due to the lack of intrinsic measures. The video also explores how political stability, such as the Alabama elections, can impact Bitcoin's value, illustrating its sensitivity to chaos and stability.

What does Bitcoin represent according to the speaker?

• A stable investment

• A chaos proxy or mistrust index

• A government-backed currency

• A traditional stock

Why might young people find Bitcoin appealing?

• It is a stable investment like stocks

• It is backed by central banks

• It guarantees high returns

• It is not dependent on government entities

What characteristic of Bitcoin makes it similar to Amazon's growth model?

• Dependence on profitability

• Government regulation

• Intrinsic measures of value

• Focus on growth rather than profitability

How does political stability affect Bitcoin's value according to the speaker?

• It stabilizes Bitcoin's value

• It increases Bitcoin's value

• It has no effect on Bitcoin's value

• It decreases Bitcoin's value

What happened to Bitcoin's value when Doug Jones was announced the winner in Alabama elections?

• It increased by $800

• It remained stable

• It decreased by $800

• It increased by $1000