The Fundamental Value of Bitcoin
What is the probability that the government will continue to devalue fiat?
Dear Crypto Asset Investors,
When Bitcoin was launched in 2009, the author, Satoshi, claimed that Bitcoin was “digital cash.” Ten years later, people still do not use Bitcoin as cash. There is one fundamental reason for this. Specifically, Bitcoin is a volatile asset.
Proponents of cryptocurrencies claim that Bitcoin’s volatility will smooth once a good …
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