Seems BTC has become a economic indicator. When there is turmoil in various stock markets or potential economy collapse, the price soars. When all is calm and steady the price falls and lays there.
It has yet to really be used for purchases for every day goods for every day households, as it was intended. Mostly its become a tool of speculation or an option to park cash in the face of economic downturns.
Maybe its that Intrinsic value thing again lol
Still optimistic though
It has yet to really be used for purchases for every day goods for every day households, as it was intended. Mostly its become a tool of speculation or an option to park cash in the face of economic downturns.
Maybe its that Intrinsic value thing again lol
Still optimistic though

Bitcoin's value is in that it can be so easily manipulated to make it look like exactly what you're speculating it to look like. Yep economic turmoil.. Let's make btc behave like that, then bam profit. Bitcoin is whatever the popular discourse is at the time because that's how the market is moved.
It will keep being this until it is too expensive to manipulate. Or as others have suggested, just gets milked until all the players leave the grounds.