With bitcoin down over 60% in dollar terms for the year we thought it might be helpful to look at eight separate lenses through which you can value the network. For further information on this topic I recommend the Bitcoin White Paper, The Denationalization of Money by Fredrich Hayek, the Essay on the Nature of Trade in General by Richard Cantillon, any of the papers or talks of Murray Stahl, and finally the Michael Saylor Series of interviews on the What is Money Podcast. 

A transcript of the episode can be found at (https://specialsituationinvesting.substack.com).

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