Only thing dangerous about bitcoin in this current landscape is quantum computing. If Bitcoin can become quantum hacking proof it will remain the most superior asset. As far as everything else going on in the world, everything leads to Bitcoin. Keep dropping Bitcoin I want more.
Some world advancements and how they impact bitcoin :
Scientific - Quantum - good for Bitcoin if security improves.
Technological - AI - Bitcoin is the best form of money and will be adapted by AI
Economic - scarce resources are most valuable (obviously)
Bitcoin ๐
@BitcoinMagazine Bitcoin price movement from this may be irrelevant foundationally, but price movement aside the world is clearly adapting to a future where all people have access to all assets. In the end, the best asset will win.
Previous administration: inject money into economy.
Current administration: decide between two evils, likely having to lead to deflationary policies
Democrats can step in and say look how good our market was compared to this one.
Devious? Sure, but also really strategic.
The U.S. was in trouble and Trump is doing what he thinks is most likely to get out of that trouble. The drastic nature of the problem could be seen by the drastic nature of the policies set out to make America great again over the long term
Positive government policies toward Bitcoin are excellent. With that being said, the nature of the price movement does speak to how early we are in its adoption.
Bitcoin may have dropped but there is silver lining. If this is the start of decoupling of Bitcoin from the broader stock market and Bitcoin starts to act as an inflationary hedge (what its best use case is for), that is really really bullish for our future and for Bitcoin
If 50% of spending is coming from the top 10% of income earners, the amount of dollars spent may look consistent, but most Americans are getting poorer. Printing money is fine for those with assets but severely harms those without.
https://t.co/ZjZfOEuAw7
Until more people understand Bitcoin, the best indicator of the future Bitcoin price is going to be reflected in gold. Gold setting all time highs is super bullish for Bitcoin holders and Bitcoin holders have the superior asset, the world just may not know it yet.