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Exactly. The bitcoin market is small compared to other financial markets, 15 billion or so, but has potential to get much larger. In a world of negative interes
by 1001101 10y ago
Exactly. The bitcoin market is small compared to other financial markets, 15 billion or so, but has potential to get much larger. In a world of negative interest rates, capital controls, and cashless societies, it looks pretty attractive. It's wealth that you control and own. When the next financial crisis comes (and in the face of low yields and record PEs), the asymmetries of money flowing out of these markets into Bitcoin will be a sight to behold. I hold some BTC. It's been a wild ride from the 200s. -10, -20% is just another day in Bitcoin world. yawn