The “change the world” nature of Bitcoin is its greatest fascination these days. Whether legions of investors will ever realize the huge profits that it seems to offer is the greatest question as well. Don’t forget that we don’t purchase items with gold or silver anymore. Nor can we transact consumer level business with stock certificates. So the transactional nature of any currency depends upon a number of complex factors, not the least of which the existence of a market. And markets require both buyers and sellers with common ideas about what they want and its value to each of them.
Watching the inflation and deflation of the bubble has become sport, of sort, for some of us. At least those who got in early and might have gotten out of the “market” when it peaked at $20,000. My my my . . .
Thanks, again, to The Guardian