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Hard to say, more and more BTC in particular is being used as a shelter from the woes of fiat currencies. It's not the first time that a downturn in a fiat mark
by lagadu 9y ago
Hard to say, more and more BTC in particular is being used as a shelter from the woes of fiat currencies. It's not the first time that a downturn in a fiat market leads to btc price increases as some players exchange their assets for btc.
- fullshark 9y agoI think that use case is oversold in terms of what's driving the price up this year.
- nylonstrung 9y agoHow can you identify what growth is a 'shelter from fiat' vs mere speculation on technology ect when it's growing super fast all the time? There's no correlation with fiat currency value (except maybe in Venezuela) as far as I can tell