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Bitcoin is volatile because it is not yet widely used and the market for is still relatively small. Yes, people are investing to speculate on its price, but th
by mandelbrotwurst 6y ago
Bitcoin is volatile because it is not yet widely used and the market for is still relatively small.
Yes, people are investing to speculate on its price, but they are also investing because it has a fixed supply that cannot be inflated away by governments.
Take a look at the U.S. M2 money supply YTD and the DXY and consider what happens next as more wealthy investors begin to recognize this advantage inherent in Bitcoin.
- majewsky 6y agoWealthy investors are exactly the kind of people who (through lobbying) designed the current financial system.
- mandelbrotwurst 6y agoThat's true, how does it relate to what I was saying?