9 ms·
It is not "wishful thinking", it is misleading because approximately more than half of all Bitcoins are lost for ever or tainted. Especially early Bitcoins mine
by sprash 6y ago
It is not "wishful thinking", it is misleading because approximately more than half of all Bitcoins are lost for ever or tainted. Especially early Bitcoins mined by Satoshi himself should be considered inactive permanently. Additionally liquidity for Bitcoin is even worse than that of other assets/currencies because it is a store of value which means people buy it and don't spend or sell it. If Bitcoin wants to be suitable as a world trade currency the price has to rise at least 4 orders of magnitude to be able supply the required amount of liquidity.