In this episode, Professor Ravi Sarathy breaks down the three motives for holding money—transaction, investment, and speculation—and explains why Bitcoin succeeds at some and fails at others. He also explores why Bitcoin's 21 million cap matters, what Fidelity's cycle analysis reveals about where prices are heading, and whether digital currencies can truly hedge against government debt and currency devaluation.
You'll discover: → Why Bitcoin is a poor means of payment but a compelling long-term investment → The 2008 financial crisis philosophy that still drives Bitcoin today → How ETFs made Bitcoin an "investable class" instead of pure gambling → Why speculators and margin calls create short-term volatility → The Milton Friedman principle that could reshape Bitcoin's future → What Fidelity's price cycle analysis suggests about the $100K floor
Whether you're a long-term holder wondering if you should stay the course or new to crypto trying to understand what Bitcoin actually is, this episode cuts through the noise.
RESOURCES: Enterprise Strategy for Blockchain (MIT Press): https://mitpress.mit.edu D'Amore-McKim School of Business: https://damore-mckim.northeastern.edu
ABOUT THE HOST: Ravi Sarathy is a Professor of International Business and Strategy at Northeastern University's D'Amore-McKim School of Business. He is the author of "Enterprise Strategy for Blockchain" from MIT Press and an expert in global strategy, emerging technologies, and digital transformation. He is currently working on a new book on global payments.
