Post
Topic
Board Economics
Re: Why would people ever use bitcoin if its expected to always go up?
by
Semar Mesem
on 23/08/2021, 07:11:35 UTC

Or is it thought that in this future where there is widespread adoption the price would stop being so volatile and for the most part stabilize?

I actually resonate with this statement.
I guess it would still feel the same as today, even though it will continuously go up, I don't think it would be a bad decision to spend it.
Just in my view, If it is widely adopted and we pay and get paid in bitcoin, the circulation would be better. I think the price will only gradually change.

We hope that bitcoin is more actively used not only for see in the wallet, if bitcoin is only stored then this is speculation that can make the price fall at any time in a short time, different if bitcoin is actively used it will be stable and increasingly encourage many countries to accept bitcoin.