2 ms·

https://www.cmegroup.com/trading/equity-index/us-index/bitcoin_quotes_globex.html https://www.cmegroup.com/trading/equity-index/us-index/bitco... Worth noting

https://www.cmegroup.com/trading/equity-index/us-index/bitcoin_quotes_globex.html https://www.cmegroup.com/trading/equity-index/us-index/bitco... Worth noting that we have a futures contract to use in hedging BTC holdings (hodlings?). If the June contract current price is any indicator we're still moving north. Of course a lot of factors work into this price and a good bit of that could be raw risk. I expect this to be a stabilizing influence on the price of BTC to some extent.

morpheos137 6y ago
The price of bitcoin could reach $1,000,000. That still does not mean it is a real economic asset. It can not be used to produce goods or services without converting (selling)to fiat at some point. It can not be used efficiently (competitively) with high transaction costs and deflationary supply. Money does not produce value. Price does not produce value. Hodling non productive assets does not produce value. See Adam Smith's "The Wealth of Nations."