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Exactly. And barring an unlikely collapse, cash/dollar isn't going to fluctuate much at all in value. So... a feature. At this point, bitcoin is a competitor t
by exclusiv 6y ago
Exactly. And barring an unlikely collapse, cash/dollar isn't going to fluctuate much at all in value. So... a feature.
At this point, bitcoin is a competitor to gold as an asset store. Maybe it will be more like a currency at some point. But there's a long way to go and a lot of forces against it for that to occur.
- radiator 6y agoJust pointing out; there exist also those who consider the possibility of a collapse of cash/dollar more likely than your estimate.
- oblio 6y agoThere exist those who predict the collapse of everything. That's not a valid answer. Who are they? How many are they? What insight do they have that we don't have? Is this chance higher than the possibility of collapse for Bitcoin?
- exclusiv 6y agoSeriously. Will it do the equivalent of being ~20k then go to 3k. Then come back to 29k? Highly unlikely. As much as people want to predict a collapse, you can't store a ton of money safely outside of Treasuries.