Oh this is quite interesting… everyone will be looking to see how this fares in a real world economy…. Bitcoin bulls should be boosted for the next month or so. Aunty Cathy will also be quite happywith this news… =)
A ‘store of value’ with nothing to hold it up. How many will have the hands to hold it when it stops growing? Capital will always chase yield, so if there’s is no reliable yield, and nothing to benchmark the value of the currency against, who will hold the bags?
Bitcoin And The 2000 Technology Bubble Have A Lot In Common
Bottom line is… semiconductors are an important commodity in short supply as the world increasingly digitalises. Like selling pick axes to gold miners!
Safe yields are in stable companies with good dividends, which can raise prices in tandem with inflation. Let’s play a guessing game! No it’s not AMC or GME….