A recent Twitter post from Tuur Demester, the Editor-in-Chief at Adamant Research, indicates the increasingly widespread use of Bitcoin for its liquidity.
The post comes from a follower who commented on an interview between Demester and Kraken CEO Jesse Powell.
Liquid and safe
The comment by Demester on his Twitter post, ‘More liquid than gold,’ represents a fundamental shift in the public perception and awareness of Bitcoin.
Liquidity is traditionally a currency principle, but it limits stability. Stability is generally an asset principle (like gold for example) but limits liquidity. Bitcoin unites these two principles into a single asset/currency that is both stable and liquid.
As Bitcoin use cases proliferate, and liquidity increases, the safe haven properties and the currency properties of Bitcoin will continue to mesh.
Metcalfe’s law
Tommy Lee recently indicated a $6,000 projection for Bitcoin’s price based on Metcalfe’s Law - that the value of a network is proportional to the the square of its number of users. As Bitcoin continues to gain adherents, like this Indonesian town, the value of the network can only increase, in spite of temporary pull-backs.
It is really interesting to see the potential for people to use Bitcoin in low income areas, although you have to have some form of technology. I assume as wallets can be made secure in low cost mobiles we will see more rapid growth.
@rizwankhan
thanks for sharing information with us.
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