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You're talking about btc like it's a speculative asset and not a currency. This is the exact criticism of it. But you say the criticism is wrong.
by slibhb 6y ago
You're talking about btc like it's a speculative asset and not a currency. This is the exact criticism of it. But you say the criticism is wrong.
- jacquesm 6y agoMoney is both a speculative asset and a currency. It is possible for something to be both at the same time. That is probably why most big banks have a currency trading desk.
- slibhb 6y agoPeople trade currency but they also buy things with it. Too much speculation on a currency is considered a bad thing by the people who use that currency as a medium of exchange. Again, you're talking about btc like it's an opportunity to make a buck and not a medium of exchange, which is the exact criticism of it here.