That digital gold became the go-to description is likely why we have a mishmash of ideas about bitcoin today; it’s a hedge, a store-of-value, a means of payment, a beta trade, a bet against fiat and, increasingly, a development platform. Everyone wants bitcoin to be everything all at once when in reality, over the past decade and half, it’s basically done just one thing really well: sopping up excess liquidity.
Related posts
-
This Crypto Trader Just Sold All His Bitcoin For Altcoins Like Cardano And XRP, Here’s Why
Crypto expert Michaël van de Poppe recently revealed that he had sold all his Bitcoin and... -
Blackrock Bitcoin ETF Attracts 414 Institutional Holders — Analyst Says IBIT ‘Blows Away Record’
Blackrock’s spot bitcoin exchange-traded fund (ETF), the Ishares Bitcoin Trust (IBIT), has amassed 414 insitutional holders... -
Why Did Bitcoin Just Jump 10%? Blockchain Firm Weighs In
The cryptocurrency market has been on a hot streak in the past few days, with several...