The risk for today’s bitcoin buyers, now the price has steadily exceeded US $ 50,000 in 2021 and more That quadrupled since March 1 when the printing presses were turned on is that prices fall when this crisis passes and fiscal tightening returns.
Modern fiat money or central bank money largely serves three purposes; liquidity, as a store of value and as a stable unit of account.
Bitcoin cannot replace the need for liquidity in a crisis such as a war that requires a sustained government response, and price volatility rules it out as a unit of account. For now, anyway.
It might however have some use as a store of value, as some kind of digital gold, or if you were …
Read Additional From Source
Copyright @ www.afr.com
- Headline: Bitcoin price at risk of crashing on real-world vaccines
- Check all news and articles from the Cryptocurrencies news information updates.