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Sound money depends on credible monetary policy, Dan Held notes
Dan Held, bitcoin educator, questioned the validity of the ultrasound money thesis, emphasizing that sound money is not determined by having an inflationary or deflationary rate but by the credibility of monetary policy.
He compared fiat systems run by professionals to blockchain networks managed by developers, stating that just because the dollar can be deflationary at times does not make it sound money.
Held previously attended the Robinhood Gala in New York City, where he highlighted leading finance figures including Ray Dalio and Mike Bloomberg. He has also reported that allocating 1 percent of a portfolio to bitcoin can raise expected returns without increasing overall risk. These insights add further context to his current remarks on monetary policy.
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