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> The people who were hyping it said it will be the next major currency. Why do you think this prospect have failed? Do you think such a huge shift on the rese
by rafaelero 3y ago
> The people who were hyping it said it will be the next major currency.
Why do you think this prospect have failed? Do you think such a huge shift on the reserve global currency would happen in just 10 years? In the meantime, the market is pricing the likelihood of this scenario with increasing optimism.
- gambiting 3y agoNo one said crypto should have displaced real currencies by now. But you'd think it would be used as a currency somewhere - and it just isn't, outside of extremely limited cases. Not to mention that Bitcoin specifically just can't work this way due to the way it's designed - it's destined to always be a shitty "investment" asset and nothing more. >>the market is pricing the likelihood of this scenario with increasing optimism That is actually very funny to read. The markets are also pricing what they want to happen not what is likely to happen. This sort of prediction is close to pointless.