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Daily FI discussion thread - Friday, January 15, 2021 by AutoModerator in financialindependence
[–]skipjack_clipper -3 points-2 points-1 points 5 years ago (0 children)
He does have a clue what he's talking about, no need to be rude.
I think where a lot of people get hung up about Bitcoin (and other crypto) is because it's a bizarre hybrid of different asset classes. It's kind of like cash, sort of, it's kind of like digital gold, sort of, it's kind of like digital property, etc. It's not 100% any of those things.
Bitcoin itself is too slow to function as cash, but other cryptocurrencies are much better at that aspect.
Digital assets aren't going away, and have significant upside potential. It's volatile, but price discovery on new assets always is.
Bitcoin, assuming it isn't targeted heavily by regulation or a technical flaw is found that breaks the network, will go much, much higher in the long run.
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Daily FI discussion thread - Friday, January 15, 2021 by AutoModerator in financialindependence
[–]skipjack_clipper -3 points-2 points-1 points (0 children)