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The limit on Bitcoin that I saw early on was market cap, liquidity, and stability. As the first two rise, so should the third. It's been a long grind to the m
by nightski 4y ago
The limit on Bitcoin that I saw early on was market cap, liquidity, and stability. As the first two rise, so should the third. It's been a long grind to the market cap today and it still has a ways to go.
But to build up that momentum and trust takes a lot of time.
I'm not necessarily saying Bitcoin should do this or that I desire it. Just stating one reason why it takes time.
- acdha 4y agoI don’t think it’s that simple: Bitcoin is the purest form of fiat currency backed by neither sovereign authority or hard assets, and the deflationary model encourages hoarding unless you’re convinced it’s permanently going down. That combination seems likely to produce volatility even with fairly large amounts of capital flowing in.