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Why? What would make it more valuable than other stores of value? Bitcoin is roughly at end-of-2020 valuation. So is the NASDAQ. So is the S&P500. So is the Dow
by groby_b 4y ago
Why? What would make it more valuable than other stores of value? Bitcoin is roughly at end-of-2020 valuation. So is the NASDAQ. So is the S&P500. So is the Dow.
In fact, for most other stores of value, "dies out in this bear market" isn't even a consideration - the statement is reflective of a (perceived?) higher volatility of the crypto market.
If this is showing anything, it's that crypto currencies are just as vulnerable to monetary policy as other assets.
- jrm4 4y agoThe thing that makes anything valuable, which is people who believe that it's valuable? Markets aren't rational. Like I said, I'm not using recent past performance to try to make predictions. I'm more considering first principles et al.