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RE: Why hasn't Bitcoin mooned yet?

in LeoFinance4 years ago

Honestly, I don't really see it ever being widely used as a currency. Not in its current iteration at least. Even at $100k BTC, people will be holding for $200k BTC as opposed to buying things with it. Gold is a $9 trillion dollar market, bitcoin is less than $200 billion currently. It could basically go up 20x from here and only capture the current gold market... It has plenty of runway even if it is never widely used for payments. There are many other things owned as a store of value as well that isn't included in the gold market that bitcoin could also dip into. Things like other precious metals, real estate, collectibles etc etc etc.