Part 8/15:
The guest expresses skepticism about the traditional valuation metrics, especially in the current low-interest-rate environment. For example, bond prices at historically low yields amid rising inflation seem disconnected from underlying fundamentals, complicating investment decisions.
He notes that Bitcoin’s valuation is particularly challenging because it lacks cash flows; assessing its value through classic financial models remains elusive. Yet, the network effect—the number of participants and trust placed in Bitcoin—has grown exponentially, making it hard to deny its relevance as a decentralized digital asset and store of value.