Post
Topic
Board Bitcoin Discussion
Re: How the Bitcoin ETF could actually tank Bitcoin's market value
by
AprilioMP
on 30/01/2024, 20:04:03 UTC
And what if the first impression of millions of mainstream potential investors in Bitcoin is that it's just a super-volatile asset that only seems to go down in price?

In the whitepaper, Bitcoin is not an investment asset. Bitcoin is a peer-to-peer electronic cash system. I think that is very clear before reading the entire contents of the Bitcoin whitepaper which consists of introduction, transactions and conclusions. Or simply by reading the abstract, we will know that Bitcoin is not an investment asset. Investment assets are uses made by users because Bitcoin can and is proven to be a hedge.

The price fluctuates, it's true. If you are afraid that Bitcoin will drop in price, I don't have an answer because when it first appeared on the market, Bitcoin did not have a price like now which is almost $44K. I didn't mention the previous ATH price that Bitcoin has ever reached.

There is no real need to be afraid of the Bitcoin price because 1 BTC = 1 BTC.
If cashed in with fiat then 1 BTC = different currency prices for each country.
Regarding political agendas, that is not my expertise because I am not interested in politics.