This exchange was interesting on the 2/7 episode of Saifedean's pod:

Niall Ferguson:

“…the rational actor is engaged in constructing a portfolio that will be diversified, will include scarce things in it, but will also have liquid things in it. And there’s a place for bitcoin in that portfolio.. But you wouldn’t want anybody on this call to think that they should put all their money in bitcoin, I hope, because that would be terrible financial advice. The issue, as I said, is what percentage is the average millionaire going to want to hold, in the form of bitcoin?”

Allen Farrington later responded:

“What do you make of the idea that actually nobody should have to asset allocate..? You should be able to just save and then forget about it for years, if not decades, if not centuries.. is that worth being passionate about..?”

Ferguson’s answer:

“I think one should discourage things that are easy and encourage things that are hard. Because we were given brains, which are quite powerful computers for a reason.”