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Michael Green, chief strategist and portfolio manager at Simplify Asset Management, raises concerns about Bitcoin's underlying principles and its status as sound money.
Green points out inconsistency in reactions within the Bitcoin community when the cryptocurrency is criticized for its foundational principles versus its financialization or co-option. He challenges the claim that Bitcoin represents sound money.
Green has previously commented on structural shifts in financial markets. In a recent analysis, he examined how passive dominance can create arbitrage opportunities and reduce the focus on fundamentals. Earlier, he discussed how the 1950s U.S. tax code helped redistribute luck and improve aggregate economic outcomes.