Jan 8, 2021
9:51:53am
9:51:53am
BTC rise is a marker of increased money supply of fiat currencies.
And includes presumed future increases of money supply. So really it's the fiat currencies that are volatile, though the governments producing those currencies are in collusion so it appears they aren't volatile relative each other.
BTC is volatile in large degree due to the inflation (in the true sense of the word - increased money supply) of fiat currencies. It's finding its place so there is some true volatility as well. And governments can obviously manipulate prices so there's that.
BTC is volatile in large degree due to the inflation (in the true sense of the word - increased money supply) of fiat currencies. It's finding its place so there is some true volatility as well. And governments can obviously manipulate prices so there's that.
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- jvquarterback
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1/8/21 8:40am
1/8/21 8:46am
It is not nor was it ever designed to be a currency, but that’s how people have started viewing and treating it
1/8/21 9:04am
1/8/21 9:08am
Yes, the goal was to facilitate peer-to-peer, verified, non reversible transactions via a distributed ledger design.
1/8/21 9:18am
1/8/21 9:24am
1/8/21 9:25am
1/8/21 9:30am
1/8/21 8:51am