Why did I bet on bitcoin at the peak of the mania? (4) — Without leaders 18. 10. 2019. I was well aware that we were in the final phase of a mania and the crash was near. Still, in December 2017 I made the bet that bitcoin would outperform gold on a five-year horizon. In this article series, I describe what I based my opinion on. In Part 1, I presented the background of my bet. In Part 2, I argued that there is a need for digital gold. The previous part explored why bitcoin stands the best chance to fulfill this purpose. I will now give further arguments in support of that. Read more about Why did I bet on bitcoin at the peak of the mania? (4) — Without leaders