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Bank of America had this[1] to say: “No good reason to own BTC unless you see prices going up. .. it is not tied to inflation, and remains exceptionally volatil
by raziel2701 6y ago
Bank of America had this[1] to say: “No good reason to own BTC unless you see prices going up. .. it is not tied to inflation, and remains exceptionally volatile, making it impractical as a store of wealth or payments mechanism. As such, the main.. argument for holding Bitcoin is.. sheer price appreciation”
I haven't found a reason in favor of owning btc other than "number go up".
[1] https://twitter.com/carlquintanilla/status/1372129001251221511 https://twitter.com/carlquintanilla/status/13721290012512215...
- imtringued 6y agoIf everyone were honest about this then we wouldn't have to rehash the same criticism over and over again. Bitcoin is still a better gamble than a lottery ticket and I won't blame anyone for feeling that way. I just hate seeing deception and misinformation and generally scammy behavior, basically anyone who wants to turn the lottery into a negative sum bet as opposed to a zero sum bet.
- ChainOfFools 6y ago"number go up" when did this meme take over from its original incarnation "to the moooon!"?
- spiralx 6y agoShortly after the "money printer go brrr" meme took off I guess.