Who cares! It's a trading vehicle and atm crypto related instruments are outperforming everything else. Just make a buck and forget about everything else, that is, unless one is afraid of a massive instant dump. But market is full of surprises, some good, some bad, it is the risk we take.
I'd argue the move into crypto, like the move into gold, is based upon the view that the Fed will begin easing. It's front running liquidity. Whether or not you get a follow through is based upon cryptos long-term viability. Sovereign paper is based by the sovereign and its population. Crypto is explicit in that it is not tied to a sovereign or nation, which means coordination is done through existing whales. Very similar to the wildcat banking era.
Hahaha. I would think the point is whether you can afford to eat, not if you "still have your Bitcoin.". Who gives a crap if you still have it if it crashes to $0.10 ? Bitcoin is extremely risky. In every way that matters.
No. It doesn't count because those aren't features that people want. I don't want to be able to move $50k on a Sunday and have it instantly settle. I'm not buying drugs or paying a ransom. If I buy a car, I'll get a bank check and then it's only payable to one party. I'm not going to get mugged for a five figure amount. The bank will even check who I am rather than just assuming anybody with my pin code is automatically me and therefore should be able to irreversibility clean out my account in a heartbeat.
Yippee. I hope they buy more, especially UAE. No one ever deserved what's coming to them more than UAE (Don't get me wrong. I love despotic Monarchies, but I loved them more in the 12th Century.) But why pussy foot around? Monte Carlo's got a casino. Just put it all on black.
This is too complicated. Why not just say it in ninth grade English? And, permit me to add, if you will, the sovereign's ability to tax, to print, to imprison, and the population's productivity. And none of these essential characteristics are associated with, what's it called, oh yes, "BitCoin".