Boris_Badenov on Nostr: I guess the point I'm trying to make is this. Don't view btc as a utopia. There are ...

I guess the point I'm trying to make is this. Don't view btc as a utopia. There are numerous obstacles. 1) regulatory I mentioned. 2) commoditization -- wall street btc futures, etfs, banks, sovereigns. Markets can be cornered, fixed, and have been, like gold. Shorting will happen, so take advantage. 3) Sovereign control. If btc challenges central bank control, then central banks will take control. If so, you lose. If central banks adopt as currency, go back up to #2.

If you hold, you will be OK long run, as long as it is not outlawed, but volatility might get scary. So, don't paint it as a panacea, deal with it as it evolves.