Pozsar was interviewed on stage by BitMEX co-founder Arthur Hayes, who pressed him on whether he owns any bitcoin.
“I don't own any,” Pozsar responded. “I'm observing it. I don't like to dabble in things that I don't understand well.”
Pozsar outlined his pessimism that bitcoin could ever really serve as money, as his historical research has shown him that money has to have a direct link to a government to endure. As a fundamentally decentralized, peer-to-peer network, Bitcoin could not support money that fits his definition.
“The one thing I will say about bitcoin is that money, if you will, is something that is purely public or a public-private partnership,” Pozsar explained.