Monday, March 1, 2021

Bitcoin price risks collapse on real world vaccines

Some people just dont get what it's all about...

"The risk for today’s bitcoin buyers, now the price has regularly topped $US50,000 in 2021 and more than quadrupled since March 1 when the printing presses were turned on, is that the price retreats when this crisis passes and fiscal tightening returns.

Modern fiat or central bank money largely serves three purposes; of liquidity, as a store of value, and as a stable unit of account.

Bitcoin cannot replace the need for liquidity in the event of a crisis like a war that requires a government-backed response, and the price volatility rules it out as a unit of account."

https://www.afr.com/markets/equity-markets/bitcoin-price-risks-collapse-on-real-world-vaccines-20210301-p576to?utm_content=AROUND_THE_WORLD&list_name=EBE726C6-38DF-4725-9BE4-5091999D8384&promote_channel=edmail&utm_campaign=the-brief&utm_medium=email&utm_source=newsletter&utm_term=2021-03-02&mbnr=MTM1NTA2ODU&instance=2021-03-02-12-37-AEDT&jobid=29293447


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