Almost like you tee’d it up for me ! :thumb:Its price has increased only because more criminals are using it. The fact that a few people play with it is irrelevant.
The same reason MicroStrategy did. Fist dollars in the bank lose value. They don't want their millions devalued, and see a very likely increase with bitcoin. The value of Bitcoin is going to fly past 20k when a real monster like PayPal, Microsoft, Amazon, or Apple follows suit and puts 1% of their cash stockpile into Bitcoin.
$608 to $11,400Unless that is necessary for them to engage in BTC transactions, I cannot see why. The stock price has skyrocketed but earnings have not.
Bitcoin's price increases as demand for it increases. It is classic supply and demand. It may or my not continue. It might become a tulip or dot com bubble.$608 to $11,400
And you still “cannot see why”?
Same reason people purchased weedy corner lots.
They had the vision to recognize that those lots would become gas stations.
Bitcoin is digital gold.
And the more debasing of the dollar, the greater the future value of BTC.
Just curious. SHTF, how does one bury digital currency . . . or get their digital when the power is out?. . .
So do you want criminal banks?
Or do you want trustless crypto currency with no intermediary?
how do people get their money out of banks and atms now days when the power is out?Just curious. SHTF, how does one bury digital currency . . . or get their digital when the power is out?
In the past, during periods of extreme strife like natural disasters and world wars . . . since the time of the Roman Empire, infrastructure and order has a very high tendency to break down. Me personally, I would not have my money in digital form, unless I knew the date world chaos would happen. And it will happen. Always does. PM's? No problem. :taped:
I can understand speculating in crypto "currency" before SHTF, but for me there is no "there there". I'd rather be in stocks.
EDIT:: "Crypto is digital gold." In a way you are correct. There is no "there there" with digital gold either.