Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
https://medium.com/@nic__carter/visions-of-bitcoin-4b7b7cbcd24c
How major Bitcoin narratives changed over time
Coming soon will be bitcoin as capital flight mechanism.
ETF BlueChip on the horizon.How major Bitcoin narratives changed over time
Coming soon will be bitcoin as capital flight mechanism.
I know for a fact that 'uncorrelated financial asset' was in play before it shows up on the chart.
In 2008 things were very close to locking up, and one of the cause/effect feedback loops were that 'letters of credit' upon which much of the global commerce system operates were about to fail. Should that happen today, Bitcoin (or more generally crypto-currency) could rapidly take over in that role. I would guess that values could go insane under such a scenario. Of course crypto would be attacked mercilessly by some, but some of the would-be attackers would also be heavy users. Not clear how things would play out, but it could be a spectacular fireworks show.
Intriguing commentary tyvm. There's something here for me also about generational knowledge.In 2008 things were very close to locking up, and one of the cause/effect feedback loops were that 'letters of credit' upon which much of the global commerce system operates were about to fail. Should that happen today, Bitcoin (or more generally crypto-currency) could rapidly take over in that role. I would guess that values could go insane under such a scenario. Of course crypto would be attacked mercilessly by some, but some of the would-be attackers would also be heavy users. Not clear how things would play out, but it could be a spectacular fireworks show.