Cryptocurrency Bottom

[itsadistraction]

Crypto is like pokemon cards. They have value now but won't in the future for 2 reasons. The world's powerful and wealthy uses fiat currency. These people will never let crypto take over. Since crypto changes so dramatically over a short period of time it's not a good store of wealth. If crypto is the "new gold" or "new currency" then it has to be more stable and thus not appeal to young traders. 

[Leo Gura]

On 4/23/2023 at 6:40 AM, itsadistraction said:

Since crypto changes so dramatically over a short period of time it's not a good store of wealth.

If Bitcoin got adopted as the gold standard, it would become a lot more stable. Its marketcap is still very small for a fiat currency replacement.

Edited April 26, 2023 by Leo Gura