9 thoughts on “A crypto expert explains the many drivers to the price of Bitcoin”

  1. "Can it scale to 40000 transactions per minute?" Yes, it can, and is, on the lightning network. Much higher than 40000

  2. Спасибо Вм огромноe за такoй годный кoнтент!!

  3. Bitcoin came into existence 10 years ago. Gold has been around for many thousands of years. When you say it can’t ever be a store of value or medium of exchange (which are two things it actually is today), you have no foresight. You have to admit that if adopted as a store of value, it will inevitably serve as a medium of exchange.

  4. What an idiot chinas central bank and state owned banks are investing and researching blockchain not bitcoin it's useless and won't work they already know that that's why its banned(but not fully?) The main reason is because money transferred through blockchain cant be blocked by the U.S. global payment system by its government(controlled through elites wealth and military manufacturers).

  5. As far as 'store of value' goes, contrary to the popular opinion, 'store of value' is not a utility. Instead, it's the other way around. When there is something out there that has some utility, it becomes a store of value, because you can use it for doing something. Bitcoin's utility is that it can provide, low cost cross border transactions with absolutely no regulatory delays and that it is by it's very nature, a stronger currency than any other inflationary fiat, hence you retain your purchasing power if you're 100% into it (ignoring short term volatility in nascent phase). That utility is different from that of gold in the same way that silver's utility is different from that of gold. Thus, there prices aren't linked by any sort of inverse relation.
    As far as bitcoin vs. altcoin goes, again, they have different properties (like different degrees of security, privacy, scalability, reliability etc.). So, they'd behave the same way like gold, silver and platinum does, i.e. completely independent from one another. These properties are things that I can trust differently for different tasks. Something that I don't trust is 'reputation'. It has absolutely no meaning. So, to say something like, 'bitcoin has won the race of being THE store of value' is misleading.

  6. The Whales and the smart money got in at $4k and in massive amounts, this would explain that spectacular rise in price and why so far we are holding. The dumb money expecting lower prices or a pullback will miss the bottom and will be forced to get a position. Things seem to be perfectly timed and orchestrated, suddenly 60mins does a report on Bitcoin, combined with potential ETF news, consensus, major news etc I would not be surprised if btc goes beyond 10k next week! right now you are just the guy that thinks the grass looks greener on the other side. My only advice for investors and new bees is to take advantage of Jackson’s program, a pro trader who’s is helping investors accumulate more bitcoin through his amazing trading strategy, with his program I went from having 2.5btc to 9btc in just 3weeks. You can reach him on his e-mail :- [ *[email protected] ] or Telegram +15512574137

  7. Am I the only one who is associating the Tether issue and Binance hack with the momentum of this rise? Washtrading, I smell it.

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