Original archived Re: Crypto is just like gambling.
Scraped on 07/06/2025, 21:25:44 UTC
Less focus on countries and cooperate entities that have adopted cryptocurrency, seeing it from my angle they didn't just adopt cryptocurrency (bitcoin) because they want to use it for the primary purpose it was invented for, rather they adopted it because of the money they can earn from the investment,
First of all, I could boldly say that you are wrong on what you just said above, because these cooperate entities did not invest in Bitcoin because of what they could earned from it, but rather the privilege it offers to give them full control over their assets without the influence of third parties like the government or banks. While secondly, these entities invested in Bitcoin because of it's ability to stand as an edge to inflation over time.
The OP is not wrong afterall, maybe you misunderstood the context of what he said. He's actually saying that countries and cooperate entities are all investing in bitcoin for store of value and the profit they can make from it in the long run while the sole purpose of inventing bitcoin has been neglected which is about using it as an alternative means of payments through decentralize medium unlike traditional banks that its transactions are centralized and visible to the government which gives them the privilege to invade in people's transactions and regulate them on how to use their own money but bitcoin offers privacy and limitless transactions while the banks has limited transactions you can transact with in a day. However, it is true that those cooperate companies and countries also invest in bitcoin for self custody of their assets and also to save it from inflation that have been affecting the FIAT currency over the years.