Reads - What Gives Money Its Value? (And What Actually Backs Bitcoin)
Bitcoin Well Podcast
- Published
- June 6, 2026
- Duration
- 11:40
- Summary source
- description
- Last updated
- Jun 10, 2026
Discusses society, culture.
Summary
Bitcoin just dropped $18,000 in 10 days. Strategy sold for the first time since 2022. The headlines are screaming capitulation. Zach reads two pieces back to back: Adam O'Brien's "What Gives Money Its Value" — a clear-eyed dismantling of the "Bitcoin isn't backed by anything" crowd (spoiler: neither is the dollar, and it's not gold either) — followed by a…
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Show notes
Bitcoin just dropped $18,000 in 10 days. Strategy sold for the first time since 2022. The headlines are screaming capitulation. Zach reads two pieces back to back: Adam O'Brien's "What Gives Money Its Value" — a clear-eyed dismantling of the "Bitcoin isn't backed by anything" crowd (spoiler: neither is the dollar, and it's not gold either) — followed by a primer on dollar cost averaging, because weeks like this one are exactly why DCA exists. This one's for Uncle Mark. DCA #WhatBacksBitcoin #Bit
Themes
- society
- culture