Chris Trottier on Nostr: And they say that Bitcoin does nothing. I disagree. It's clearly an exuberance index. ...

And they say that Bitcoin does nothing. I disagree. It's clearly an exuberance index.

What happens when people have a lot of money, they don't know what to do with it, and they're now speculating? They put it into Bitcoin.

If Bitcoin reaches all time highs, things are frothy. Currently, we're not there yet, but watch out when $BTC hits 60K.

https://www.reuters.com/technology/bitcoin-hits-highest-more-than-two-years-2024-02-12/