3 ms·
"It kind of fits in with the angst of this time in history" If that's his best explanation of the BTC bubble, I find it lacking. He didn't really have any argu
by valuearb 9y ago
"It kind of fits in with the angst of this time in history"
If that's his best explanation of the BTC bubble, I find it lacking. He didn't really have any argument for why it's a bubble.
It's a real question that deserves real analysis. BTC offers real value, but of a kind that's really hard to measure.
1) The ability to keep your money safe (safer?) from your local (possibly corrupt) governments.
2) By one important measure, it's the safest crypto-currency because it's so widely used and accepted. It offers the largest markets so you can have confidence that you'll be able to sell your BTC, even if you have a lot of BTC.
But what are those things worth? What real value does BTC derive from them. Is it worth $2,000? $4,000? or $200? if it's real value is $4,000 or $2,000, it's absolutely not a bubble any more than the USD is in a bubble because it's used for trillions of dollars of daily transactions.
BTC offers value many in the world want and need. What that value is actually worth is lost in circular arguments between the bubblists and BTC pumpers.