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The thinking probably goes "eventually, enough people will either want their money back or a positive ROI on their investment that they'll pull out of crypto an
by mdorazio 7y ago
The thinking probably goes "eventually, enough people will either want their money back or a positive ROI on their investment that they'll pull out of crypto and the price will stabilize around people who actually intend to use it". I personally don't think this is necessarily the case in the current economic environment of ridiculously low interest rates.
- vkou 7y agoPeople who actually intend to use BTC for making transactions don't actually care whether the BTC/USD exchange rate is $0.02, or $20,000. All the goods they buy are denominated in USD. What they want is stability in the exchange rate.