What actually is the use case of bitcoin? It's too volatile to be used as a currency or store of value. This also means institutional investors won't be buying at ATH. So who or what is driving the price up at this point.
Bitcoin
Jordan Allen
Julian Williams
normies, I guess or the whole tether conspiracy
Robert Howard
normies
BTC is dinosaur tech by now, no one with 2 brain cells is buying this at this price
>TFW Jamie was right and we're all stupid
Jayden Ward
bump
Eli Evans
>What actually is the use case of bitcoin?
Getting more fiat, although Bitcoiners like to deny that.
Have you ever asked yourself why everyone spouts that stupid "BITCOIN TO THE MOOOOON!!!!!!" phrase?
Angel King
End goal is functioning as a digital worldwide currency. BTC is fucking terrible for that though so it'll probably be replaced one day by a technologically superior alt
Thomas Howard
Yep, I think its only popular because it is mainstream. If crypto ever fully catches mainstream then BTC is RIP.
Dylan Long
Volatile relative to what? 1 BTC is always worth 1 BTC, currency values relative to each other fluctuate a lot and only the big 3 EUR,USD,JPY are "stable", they also all have negative interest rates.
Negative.
Interest.
Rate.
>BTC is volatile and risky
Just wait til the petrodollar isn't king any more.
Matthew Reed
BTC was meant to be a currency not a store of value. From what I understand it takes too long and too much energy to function as currency. So whats the point. If you want store of value buy gold and silver.
Jackson Reyes
Figure out what that replacement will be and become fucking rich. Hope I can correctly make that call