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@TimmerFidelity Interestingly it matches with our analysis on the crypto penetration rate compare to mobile phone.
Around 2038 the market will be saturated.
@mikemcglone11#Crypto penetration rate is below 5%, it has a long way to go.
It will take ~16 years to reach 100% penetration rate. (see the comparison with cell phone penetration rateπ)
@bitcoinarchive@bitcoinarchive I don't agree with Peter Schiff either because Bitcoin is absolutely scarce AND it is in demand so it has intrinsic value per se, but what do you think about other cryptocurrencies that are not scarce but presumably in demand?
@duonine The fact.
"Inflation is always and everywhere a monetary phenomenon... A steady rate of monetary growth at a moderate level can provide a framework under which a country can have little inflation and much growth" Milton Friedman.
OMG it is #bitcoin by definition.
Many people are aware of #bitcoin and see the opportunity but not ready to take the risk of investment.
After #crypto got regulated retail #investors and conservative institutions will flock to (#regulated) #exchanges to buy (regulated) #cryptocurrencies.
Real #BOOM yet to come..
- We are still at the outset of the #crypto curve; the growth rate suggests reaching 100% penetration in 17 years ~2038
- Crypto won't be one of #strangerthings by then ;)
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A comparison between cellular mobile phone penetration rate and #cryptocurrency (#bitcoin) penetration rate:
- Both are S-Curve
- Cryptocurrency adoption is much faster because no intermediary institution is needed.
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Several crypto lending/yield platforms froze or limited withdrawals due to the recent crypto crash and liquidity crunch.
If your funds become totally irrecoverable, you may be eligible to write them off as a Nonbusiness bad debt (Β§166(a)(d)) on your taxes.
How it works π