9 ms·

How is that any different from US dollars? https://www.theguardian.com/global-development/2017/jan/16/worlds-eight-richest-people-have-same-wealth-as-poorest-5

• oblib 9y ago
  US dollars are mostly invested in financial securities which have hard assets like factories and real estate. Bitcoins have no hard asset backing them up. They are based on "irrational exuberance".
  • quickthrower2 9y ago
    The market can stay irrational longer than your FOMO regrets can resist buying in.