aftriathlete
WKR
- Joined
- Jan 18, 2022
- Messages
- 437
From that article I linked: “Bitcoin is a high-risk asset that mostly trades on vibes, and it has no fundamentals. In many ways, that makes the cryptocurrency the ideal asset to create a bubble since it can theoretically be pumped forever. There's no real basis to claim it's overvalued or undervalued.”BTC can only store as much value as someone else is willing to buy it from you for.
Similar to gold, but at least gold can be made and used in other things. BTC no so much. It’s a speculation play, one that has made people rich, but let’s not confuse it for what it is.
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