Degen

Caught a fairly recent interview with Charlie Munger where he said he’s against Bitcoin because he doesn’t believe in its scarcity. He argued that unlike gold, if there’s enough incentive, someone will figure out how to make more of it.

Thought that was an interesting take.

Hope everyone has a great holiday weekend!

That's a really interesting point—and classic Munger. He’s always had a deep skepticism of crypto, but framing it around the idea of scarcity being potentially illusory is thought-provoking. It challenges the core Bitcoin narrative, which heavily leans on its 21 million cap as a key value driver.

Of course, Bitcoin advocates would argue that its code-enforced scarcity is one of its most unbreakable features, but Munger seems to suggest that human ingenuity (or perhaps hubris) could always find a workaround—whether through forks, imitators, or new tech altogether.

Appreciate the thought-provoking share. Hope your holiday weekend’s relaxing and restorative too! Got any plans?