Does the Rise of Bitcoin Mean the Decline of America?

The new world order in question has been coming for a long time. It is driven by an inevitability — the decline of great nations. There has never been an empire that did not decline. The reason? Capitalism.

By Keith Teare • Issue #6 • View online

That Was The Week 2021, #6

Content

Bitcoin and America
News Corp, Google and the News
SPACs and Bubbles — The New Normal
Andreessen, Clubhouse, Twitter, Facebook
Startup of the Week: Waze and UI Path
Tweet of the Week

Editorial

This week my reading seems to have converged on a single theme again — the value of assets. Whether it is Bitcoin, the US dollar, News, SPACs, Silicon Valley private companies with huge valuations, or something else, asset values dominate.

Assets are interesting. Some are tangible, some are theoretical, some represent the present value of the future, some are treated as property, others like stores of value.

Bitcoin is now, as I write, valued at $51,752. A few weeks ago it was valued at less than half that. Rana Foroohar, writing in The Financial Times says that: