Dunn, who has experience in mainstream markets as well as about 10 years of activity in the crypto space, suggested that the COVID-19 pandemic may have played a role in getting mainstream, non-crypto folks to ponder the United States money system. This includes questioning how the government can create trillions of dollars and whether or not to trust the U.S. dollar.
When asked about Bitcoin’s role as an asset, Dunn noted that he sees it as a hedge against inflation, as well as a way to store value. He also mentioned that he believes Bitcoin’s fixed supply makes it an attractive investment for those who are concerned about inflation and the potential devaluation of fiat currencies.
Dunn also spoke about why people are willing to buy Bitcoin. He suggested that the potential for gains is a major motivator, as is the fact that Bitcoin is a relatively new and exciting asset class. He also noted that Bitcoin has a passionate community of supporters who believe in its potential to revolutionize the financial system.
Dunn went on to discuss some of the risks associated with investing in Bitcoin, including its volatility and the fact that it is not yet widely accepted as a form of payment. However, he also pointed out that these risks are not unique to Bitcoin, and that they are present in many other asset classes as well.
Overall, Dunn’s insights on Bitcoin’s role and market provide valuable perspective for both new and experienced crypto traders and investors. As the crypto space continues to evolve and grow, it is important to stay informed and up-to-date on the latest trends and developments.