He said inflation hedge. Recently it is not. And even in history, depends on the time frame. Going forward it is not more a hedge against inflation than the general market. (because they move together) So why use bitcoin when you can just use an ETF? He also said "it is growing its utility". Well, it is not. It is switching its utility depending on what the new goalpost is. And I only listened to 30 seconds of him. Happy? (I don't like unsatisfied customers)
A funny thing has just occurred to me. Let's say anything Roy said was actually correct and right. Yet price dropped from 45K to 30K since the video. So how come? The point is, you can not REASON about cryptos, because they don't behave reasonably...
BTC really weak 27.5K, the overall market weakness brought it down. Some hedge, somewhere. [singing to the tune of Blake Shelton's song Some beach]: Some hedge Somewhere My crypto wallet is empty but I don't care Profits not growing and ponzis are blowing I dreamt about this, you said Some hedge Never
Tom Petterfey prays that this doesnt go to zero over the weekend before he can blow out his customers Futures longs at Zero margin left.
Is that what cypto does ? merge, split, fork itself ? But accomplish nothing of value in the real world ? cep impoverish 3rd world nations ? got ya
Bitcoin goes down everyday. And I see a problem there. I also think that BTC can become useless. Thus, I decided yesterday to exchange it in my crypto wallet on something more useful: I have bought a little RC car for my son he always wanted. I am just scared that BTC can become cheaper than it is right now, haha