A Quote by Alan Greenspan

You have to really stretch your imagination to infer what the intrinsic value of Bitcoin is. I haven't been able to do it. Maybe somebody else can.

Alan Greenspan

Quote Topics

Imagination Able Been Bitcoin Else Infer Intrinsic Intrinsic Value Maybe Really Somebody Stretch Value Your

Quote Author

Alan Greenspan
American - Economist
Born: March 6, 1926

It's a bubble. It has to have intrinsic value. You have to really stretch your imagination to infer what the intrinsic value of Bitcoin is. I haven't been able to do it. Maybe somebody else can.

Alan Greenspan

In essence, the stock market represents three separate categories of business. They are, adjusted for inflation, those with shrinking intrinsic value, those with approximately stable intrinsic value, and those with steadily growing intrinsic value. The preference, always, would be to buy a long-term franchise at a substantial discount from growing intrinsic value.

Michael Burry

Gold has intrinsic value. The problem with the dollar is it has no intrinsic value. And if the Federal Reserve is going to spend trillions of them to buy up all these bad mortgages and all other kinds of bad debt, the dollar is going to lose all of its value. Gold will store its value, and you'll always be able to buy more food with your gold.

Peter Schiff

I don't think it's any sort of stretch of the imagination to say that, very, very realistically, each single bitcoin, if bitcoin becomes popular, will have to be worth at least tens of thousands of dollars.

Roger Ver

Michael Burry

Gold actually has properties - you can use gold for all sorts of things. People value gold for the metal. Nobody values bitcoin for the bitcoin; they value it because they believe that they can exchange it for something else.

Peter Schiff

Intrinsic value can be defined simply: It is the discounted value of the cash that can be taken out of a business during its remaining life. The calculation of intrinsic value, though, is not so simple. As our definition suggests, intrinsic value is an estimate rather than a precise figure, and it is additionally an estimate that must be changed if interest rates move or forecasts of future cash flows are revised.

Warren Buffett

Market value is irrelevant to intrinsic value. ... Unqualified judgment can at most claim to decide the market-value - a value that can be in inverse proportion to the intrinsic value.

Arnold Schoenberg

Blockchain assets derive value from their usefulness. Bitcoin has value because people value the payment network. BTC is required to use the network, so people demand it. If Bitcoin continues to be useful, it will continue to have value.

Nick Tomaino

I feel a responsibility, as I get older, to be responsible to what I've experienced, to what I've lived and been in a position to witness. I realize now that as a consequence of having lived the life I have, quite apart from the one, as I understand it, lived by most American writers, maybe I now know some things and have some stories to tell that others don't know about or wouldn't be able to tell. Maybe there's an intrinsic value in that lived experience and knowledge, though of course what you do with it is everything.

Francisco Goldman

Well, bitcoin is a currency. Bitcoin has no underlying rate of return. You know, bonds have an interest coupon. Stocks have earnings and dividends. Gold has nothing, and bitcoin has nothing. There is nothing to support the bitcoin except the hope that you will sell it to somebody for more than you paid for it.

John C. Bogle

What bitcoin does better than the current financial system is it's a better stored value globally. There are a lot of countries that really don't trust their banks or their currency, and bitcoin is an alternative.

Adam Draper

Market prices for stocks fluctuate at great amplitudes around intrinsic value but, over the long term, intrinsic value is virtually always reflected at some point in market price.

Warren Buffett

"What is my job on the planet?" is one question we might do well to ask ourselves over and over again. Otherwise, we may wind up doing somebody else's job and not even know it. And what's more, that somebody else might be a figment of our own imagination, and maybe a prisoner of it as well.

Jon Kabat-Zinn

We must infer that a plant or animal of any species, is made up of special units, in all of which there dwells the intrinsic aptitude to aggregate into the form of that species: just as in the atoms of a salt, there dwells the intrinsic aptitude to crystallize in a particular way.?