4 ms·
Bitcoin does a lot. A store of value that hedges against government inflation is by definition a valuable service. I don't understand why everyone is looking f
by snejad123 5y ago
Bitcoin does a lot. A store of value that hedges against government inflation is by definition a valuable service.
I don't understand why everyone is looking for a swiss-army knife like application from BTC. The value has already been proven in the marketplace, hence why everyone is buying it.
- opheliate 5y agoI'm sure everyone who bought bitcoin at >$50,000 would have something to say about whether its utility as a "store of value" has been proven in the marketplace.
- snejad123 5y agoThey will in 5 years when it's worth 2x that.
- opheliate 5y agoSo it's actually a speculative instrument then?
- ikerdanzel 5y agoThere is a reason Fed and central banks exists. Governments just have to ban the transaction of crypto to any hard currencies and there goes the 2x in 5 years. The works to ban are now in the works and will be rolled out within that time frame. Good luck holding it for 2x. It will have values, but not for mass consumers markets. It is a musical chairs except the last one won't really get the chair to sit but more like a spiky seat.