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npub144m…9926
2024-05-13 22:59:00

Spencer on Nostr: Why is the Bitcoin price of volatile? Bitcoin has no use except for its use as money. ...

Why is the Bitcoin price of volatile?

Bitcoin has no use except for its use as money. So it's either worth zero because nobody else accepts it as money, or Bitcoin is extremely valuable because everybody wants to be paid in bitcoin.

What do you think volatility would look like if a new money were emerging from zero?
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