Why Bitcoin’s $10,000 Price Doesn’t Reflect
Some think special for bitcoin .
“Children born from 2009 onwards are going to live in a world where digital cryptocurrencies always existed and are the norm, instead of a fad.
They will never understand the need to wait “3 to 5 business days” for money to be transferred, to wait in line at a bank, to pay 10% to send money. It’s easy to think that this is wishful thinking, but remember, lot of people called the internet a fad too.
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Hey, Do you think its worth it to HODL Bitcoin at the moment? Followed you too
Cvv be I think yes good time to hold and buy more
For future viewers: price of bitcoin at the moment of posting is 7963.70USD
Big surprise, mainstream media doesn't understand charts, I've seen this type of reporting from them before on other issues and yes it's annoying. As for Bitcoin itself, I predicted along time ago that if the price does reach to this kind of level it would be a result of hyperinflation rather than the coin being worth a huge amount.
I'm not talking of course about Bitcoin, but the dollar, because Bitcoin is a deflationary currency it doesn't have to deal with inflation. We know though from history and also looking at how drastically the dollar's currency supply is being expanded by the federal reserve that something huge is going on but we only ever had precious metals to measure it against.
I think that these prices are simply a reflection of how much the dollar is being printed which is pretty terrifying when you think about the scale of what's going on but also it proves that Bitcoin will be capable of surviving on it's own in a financial crisis.
With what's going on in the EU for example and Italy election eurosceptic parties en masse if the EU collapses that will likely cause Bitcoin to rise in price even more as people rush to put their savings in and save their wealth since the EU will likely respond by printing tons more Euro's in order to save themselves.