Everything on Monetary Theory

Ethereum is categorized as "productive money" because it combines store-of-value properties with a compounding yield, unlike the static nature of gold or Bitcoin.

Impact: This could lead to a massive institutional repricing of ETH as it moves from a tech valuation to a monetary valuation.

— from Ethereum: The Evolution Toward Productive Global Money · The Milk Road Show· Apr 21, 2026

Fiat currency dilution effectively steals the time and labor value of individuals by reducing purchasing power. Bitcoin’s fixed supply mechanism preserves this economic energy, acting as a true store of value.

Impact: Reframes Bitcoin from a speculative asset to a necessary tool for wealth preservation in inflationary environments.

— from Bitcoin as Time Preservation in Uncertain Markets · The Milk Road Show· Mar 06, 2026