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Bitcoin seems to be approaching the realm of "too big to fail." A trillion dollars disappearing overnight could very well precipitate an economic crisis, and no
by kijin 6y ago
Bitcoin seems to be approaching the realm of "too big to fail." A trillion dollars disappearing overnight could very well precipitate an economic crisis, and no democratically elected government wants to take the blame for that kind of eventuality.
- raducu 6y agoI'm not contradicting you, and I don't think bitcoin will be banned, but the US total stock market capitalization is 49T and 1T capitalization of bitcoin world wide is not an issue. I use those figures to decide on the future price of bitcoin, in case governments actually addopt bitcoin, so a future, very unlikely ~50X increase in bitcoin price is not enough for me to put money into it. I've missed my chance and a very unlikely future 50X increase in price is not worth the risk, imho.