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What percentage of the current value of Bitcoin do you believe is driven by demand from people with that outlook?
by Imnimo 5y ago
What percentage of the current value of Bitcoin do you believe is driven by demand from people with that outlook?
- anonporridge 5y agoWho cares? Whenever this bull run stalls and crashes, people who don't think this way will sell out thinking the party is over. Meanwhile, the total number of people who view bitcoin as a permanent allocation in their asset portfolio will have increased drastically, and they'll keep on stacking sats. Each boom bust cycle operates this way. A minority of new investors become true believers, and the rest of the chaff wash away in the crash.