3 ms·
It's really telling when the only news about it is how much people are buying it for. Not a new use case. Not a new retailer accepting it. It's worth more beca
by imustbeevil 9y ago
It's really telling when the only news about it is how much people are buying it for.
Not a new use case. Not a new retailer accepting it. It's worth more because the same people who bought it last year will spend more to buy it this year.
- hackinthebochs 9y agoRetailers accepting it just isn't "news" anymore. This isn't 2012.
- tom_mellior 9y agoIf Amazon started accepting Bitcoin directly (as opposed to accepting gift cards that you can buy for Bitcoin elsewhere), that would be enormous news. One of the reason the "retailer X accepts Bitcoin" stories have died off is that almost all of those retailers were ones nobody cared about.
- hectorr1 9y agoSquare Cash, Amazon rumors, Wall Street interest, progress on scaling, emerging custody solutions, retail banking integration (Fidelity and USAA), improving regulatory clarity. $170B worth of value today? No. But price is current value + potential future value * likelihood of getting there. People are starting to understand the potential, and working towards that future.