You've left out the fact that one is a physical commodity with intrinsic value, and the other is the right to say you have the solution of a useless math problem.
Indeed, the point is that bitcoin's supposed purpose has pivoted from being an actually useful means of exchange to a 'store of value' akin to gold. Which doesn't really work as neatly as the original idea (which hasn't worked, not helped by bitcoin effectively ossifying into a version which technologically can't achieve the original vision).
It’s also in the middle of a massive hype cycle right now probably partially due to a “halving” event coming up soon. The swings have been wild lately.
Yup. This isn't news. This site has a hateful obsession with all things crypto. I think it's driven by a mixture of frustration at the irrationality of markets and bitterness about missing the boat.
The last time bitcoin fell ~$5000 in 24 hours was two weeks ago. Two weeks before that it fell ~$7000 in 5 hours. And bitcoin is up 6% over the last four weeks.
This is typical for bitcoin. Anyone can see this for themselves. So the interesting question is to ask why CNBC thinks it's worth sharing a story that blames interest rates with no evidence? It could be as simple as "people will click it". In any case, very dumb.
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[ 2.6 ms ] story [ 32.9 ms ] threadGold is still going up? Why has Bitcoin dropped?
Go touch some grass.
This is typical for bitcoin. Anyone can see this for themselves. So the interesting question is to ask why CNBC thinks it's worth sharing a story that blames interest rates with no evidence? It could be as simple as "people will click it". In any case, very dumb.
Greedy greedy!
I have a spare tenner I want to buy some now,
how many bitcoin will I get for a tenner?