Or possibly --- the supply of bigger fools is waning.
It's definitely not a very practical currency for legal use cases.
And losing half it's value kinda negates the argument that it is a practical store of value --- aka "digital gold".
So what's left?
It is a purely speculative instrument kinda like NFTs. Remember them?
Personal opinion --- there are much more attractive scams available --- like SpaceX, which does at least offer a "real" product --- albeit one that is outrageously over proced.
Bitcoin isn’t the most private crypto so not the choice of the shadow economy as Monero and others have taken that market.
And with many central banks on way to release an e-version of their currency along with means to bypass visa/mastercard platforms & also Tether and other more stable coins, I suspect Bitcoin is going to have limited demand permanently.
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[ 2.8 ms ] story [ 17.4 ms ] threadIt's definitely not a very practical currency for legal use cases.
And losing half it's value kinda negates the argument that it is a practical store of value --- aka "digital gold".
So what's left?
It is a purely speculative instrument kinda like NFTs. Remember them?
Personal opinion --- there are much more attractive scams available --- like SpaceX, which does at least offer a "real" product --- albeit one that is outrageously over proced.
And with many central banks on way to release an e-version of their currency along with means to bypass visa/mastercard platforms & also Tether and other more stable coins, I suspect Bitcoin is going to have limited demand permanently.