The CEO of Sotheby’s delved into the nature and value of money, particularly focusing on Bitcoin, and he presented his interview findings to the public. He discovered that the value of things is not inherently determined by their physical properties or monetary worth, but rather by the societal and cultural values placed upon them.
This realization led him to understand that money is more than just currency, and he began to explore the relationship between money printing and economic reality. He found that the annual rate of money printing in Western countries is often around 8-10%, while the long-term annual return of the S&P 500 is barely around 9%.
This discovery indicates that the increase in the value of stocks is merely compensating for the loss in value due to money printing. As a result, the CEO realized that Bitcoin could serve as a more protected asset against inflation compared to traditional investments.
