You are here

Bitcoin passes $2,200 :o

Bitcoin continues its inexorable rise. Where will it end?


coindesk

I do wonder now that bitcoin is no longer being used (or soon to be) as a method of payment, but rather as a store of wealth, what the trajectory will be? At least with gold, oil, pork-bellies, etc. they can be used to do other things. Virtual currencies seem more akin to bearer bonds, but yet, they're not fungible or backed by other asset, e.g. fiat currency (which is universally accepted). We're essentially trading solved puzzles. It might not be a problem, but it's something I'm wondering about with the ever-upward price rise. Intersting times...

 

Tags: 

Post new comment

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.