I remember the hype of some establishments accepting bitcoin as payment, soon after bit coin fell that fairy tale fell with it....no one cares to buy goods and services with a magical coin. ....no one wants to use fiat to buy crypto like bitcoin and see it fluctuate 10 to 20% a month......
I'll say it again. No one wants to buy bitcoin and use it as currency to buy their Starbucks latte and new Adidas flip flops. I don't see bitcoin accepted as payment at the establishments I walk into. And who the fu*k wants to hold bitcoin in a wallet as in every single day I read yet another article about someone being hacked and being drained of their magical coins.
On the flip-side, every single day I read about another boomer who fell for a phishing email or tele-scam and was drained of their fiat.
Here's something tangible you can buy with bitcoin. https://fortune.com/crypto/2023/12/...n-tether-nayib-bukele-investment-citizenship/ El Salvador became the first country to accept Bitcoin as legal tender. Now it’s offering citizenship for a $1 million ‘investment’ BYLEO SCHWARTZ December 8, 2023 at 9:42 AM CST
Without price stability, you're going to get fucked at the drive-thru. Powell has not been delineating the problem in a way people can understand. Without the Fed, you are FUCKED! Simple-enough English?
Well to be fair, the working class is already fucked at the drive-thru. McD's burgers are unaffordable to the working class now, something they admit. The good news for stonkholders is number-goes-up because it's a real-estate company, not a fast-food company.
I like the idea of BTC (and by extension the blockchain). I really do. What must calm down is the USD-equivalency! Ug! It is still too volatile!
Powell is not concerned with bitcoin, he has too much worries wrt insolvent banks The price of bitcoin goes up against all fiat currencies Today, 1 bitcoin can purchase over 51,000 cuckbuck$
Bitcoin is the currency of the spy agents, and other criminals... As was intended from the very beginning... But nowadays it gets used also by normal people as it gets traded publicly and legally. But in some countries it's banned, and one wonders why... See also https://www.forbes.com/sites/digita...itcoin-is-stronger-than-ever/?sh=6f2e161d2399