Condor Research
Joined February 2021
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A Hidden Threat to Bitcoin
In this day and age the advantage of an asset not carrying any intrinsic value is that everyone can just input their own reason for why they consider that asset valuable and they'd be correct. If with every passing minute someone else comes up with a new reason why that asset is valuable for them and buys the asset, that would not only vindicate everyone else's reason before them, but also would expand the amount of addressable newcomers. Bitcoin is the promise that keeps on delivering without actually delivering anything by itself, but if you hold an asset expecting it to perform in a certain way and it does, does it really matter the reasons why it did?
By Condor Research3 years ago in The Chain