Yeah, I know people that put everything they have on BTC and I worry about it since it reminds me of the Mississippi Bubble. There is concept called gresham's law with competing currencies - people would save the currency they perceive to be higher value and spend the less valuable. The store of value function is important.
Yeah, I know people that put everything they have on BTC and I worry about it since it reminds me of the Mississippi Bubble. There is concept called gresham's law with competing currencies - people would save the currency they perceive to be higher value and spend the less valuable. The store of value function is important.