Even though a lot of businesses now claim to accept Bitcoin as payment, I’ve never seen anyone actually dumb enough to use it. Bitcoin isn’t stable,there are just too many factors behind its price swings.
Plus, there’s nothing tangible or monetary backing it, so it’ll never have the same market liquidity as USDT or other stablecoins.
The way I see it, the U.S. is only pushing and hyping up Bitcoin as a way to pay off its debt.
Well, bitcoin is backed by the most powerful “computer” in the world, bounded by energy. But you make a valid point - it’s “liquidity” (i.e., real time usage as a currency) is quite low, and this perhaps will be its downfall in the future. In other words, I don’t believe store of value is enough over the long term.
As for the short term - and as for the premise of the article “pricing deals in btc” - I simply mean that I need to believe I can get multiple of money invested back on alternatives in order to not just put the money in btc instead.
Great article John - fully agree. One of the reasons I am heading to Bitcoin 2025 at the end of the month.. to fully immerse myself in all things Bitcoin.
Even though a lot of businesses now claim to accept Bitcoin as payment, I’ve never seen anyone actually dumb enough to use it. Bitcoin isn’t stable,there are just too many factors behind its price swings.
Plus, there’s nothing tangible or monetary backing it, so it’ll never have the same market liquidity as USDT or other stablecoins.
The way I see it, the U.S. is only pushing and hyping up Bitcoin as a way to pay off its debt.
Well, bitcoin is backed by the most powerful “computer” in the world, bounded by energy. But you make a valid point - it’s “liquidity” (i.e., real time usage as a currency) is quite low, and this perhaps will be its downfall in the future. In other words, I don’t believe store of value is enough over the long term.
As for the short term - and as for the premise of the article “pricing deals in btc” - I simply mean that I need to believe I can get multiple of money invested back on alternatives in order to not just put the money in btc instead.
I’ve already shared my thoughts with you,did you see them?
Great article John - fully agree. One of the reasons I am heading to Bitcoin 2025 at the end of the month.. to fully immerse myself in all things Bitcoin.
Pls report back! I’ve been to several US btc conferences and several European ones. Sadly missing this one in Vegas.