Gerstner compares Bitcoin down 10% to gold up 50-60%, calling one a risk asset and one not.
“Bitcoin this year is down 10%. Gold is up 50 or 60%. I hope we can dispel the myth. Right? One is a risk asset and one is not.”
BG2 Pod
“the market cap of the world, the net worth of the world is like $45,500,000,000,000,000. Equities, I think, are like 120 or stuff. Real estate's probably another 100, 150.”
BG2 Pod
“we're like Bitcoin at two. And I'm like, god, so Bitcoin represents two out of 500 of the net worth of the world or 400, whatever. It moves a little bit. Could it be four?”
Gerstner recounts passing on 21.co deal with Andreessen when Bitcoin was at $1,100 in 2014.
“So we're looking at a deal with, Andreessen, because I thought Balaji was one of the smartest people in the space. The company was called twenty one dot co.”