First of I am a BTC HODLER and I am happy it is breaking it's ATH every other day. But is it really good for future of BTC?
As a currency and day to to day usage BTC price needs to be stable. For regular market to adopt this as a currency the price needs to to stable. Is it not? If BTC fluctuates so much within just few days how can some business adopt this? For example if they fix a price for a product for $400 equivalent to btc then tomorrow the price can be $600 or $200. Will this sudden price rise/ drop not affect the market adoption?
What you guys think about this?
BTC price is rising coz new users are adding up every hour. Market cap is also increasing at the same pace so there is no need to worry. In my opinion, BTC still hasn't explored its true potential in terms of no. of users. As new users are joining this system every day, therefore market cap is increasing and the price is rising like anything.