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This is not exactly what I was looking for. Bitcoin is being treated as a risky investment, not as a reserve currency. I do not understand what led to Bitcoin b
by shadowofneptune 6y ago
This is not exactly what I was looking for. Bitcoin is being treated as a risky investment, not as a reserve currency. I do not understand what led to Bitcoin becoming that instead of serving its stated goal as an online currency.
- anm89 6y agoCare to share your data behind that assertion? Go look into the amount of btc being held by corporations as a treasury asset. There's a provable number and it says large financial interests are interested in hold large amounts of bitcoin as a reserve.
- shadowofneptune 6y agoSo companies are holding some amount of bitcoin, as the article above says. Reserve currencies are used by central banks. From a quick search, the two main reserve currencies worldwide are the US dollar and the Euro. Not sure how Bitcoin plays a role. Meanwhile, what I see when Bitcoin comes up is about speculation. That is what I am most surprised by, and I still cannot find information explaining why it happened.
- anm89 6y agoSo there's the narrative. You disagree with it. I don't get what more needs to be said. Go short it if you disagree.