“I’m Confused About What Bitcoin Actually Is” — Ran Neuner Questions Crypto’s Core Narrative

In this Cointelegraph interview, Ran Neuner, a longtime dependable successful the crypto space, openly questions Bitcoin’s halfway narrative— arsenic helium admits helium struggles to reply 1 elemental question: wherefore should radical bargain it?

“I don’t cognize however to reply that question. That’s the problem.”

Once pitched arsenic peer-to-peer wealth and aboriginal reframed arsenic integer gold, Bitcoin’s individuality has go harder to specify successful practice, helium argues, particularly aft failing to determination successful tandem with accepted store-of-value assets similar golden successful the past cycle.

“And truthful the biggest situation that I person astatine the moment,” helium said, “is justifying to myself what Bitcoin is and wherever Bitcoin derives its worth from.”

That cardinal uncertainty feeds into a overmuch broader speech astir wherever the crypto marketplace is heading successful 2026.

Rather than offering bold terms predictions, Neuner pushes backmost against the thought entirely. He said investors should halt trying to conjecture marketplace absorption and alternatively absorption connected gathering data-driven theses portion protecting themselves from downside risk.

From there, the treatment expands into macro territory.

The Iran war, lipid prices, and ostentation are actively shaping marketplace behavior. Neuner sees superior flows, not headlines, arsenic the lone reliable awesome successful an progressively distorted accusation environment.

At the aforesaid time, helium outlines a radically antithetic future, 1 wherever AI agents transact autonomously, perchance creating a caller integer system driven by crypto infrastructure.

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