Post
Topic
Board Economics
Merits 1 from 1 user
Re: Hyperinflation - Will it lead Countries to Adopt Bitcoin?
by
pooya87
on 17/05/2024, 05:15:55 UTC
⭐ Merited by Catenaccio (1)
Once the investors of bitcoin get wealthy and ~~
That's a double edged sword.
Another way of looking at this is bitcoin can make a lot of people poorer, specially when they look at bitcoin as a tool "to get wealthy". What we call "weak hands" consists of such people in general. For example they buy bitcoin at $40k and then panic sell at $35k just because there was a correction then buy back at $50k just to panic sell at $45k.