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No, that’s an accurate way to look at it. The important thing is the relative movement, not the precise value (the US economy would not be meaningfully differen
by Armisael16 4y ago
No, that’s an accurate way to look at it. The important thing is the relative movement, not the precise value (the US economy would not be meaningfully different if we cut a zero of the end of every price).
Psychological effects can come into play, of course.
- pawsforthought 4y agoNotably, the supply of Bitcoin was supposedly calibrated such that dollar-parity would be relatively quickly achieved, and there were indeed headlines made, despite it being a totally arbitrary milestone.