at this point I don't see an upper limit for bitcoin where will people put their money…

1AE48vXR3aXUzEtmhRDVomrymGvETqF1NS (2275) · June 9, 2020

at this point I don't see an upper limit for bitcoin

where will people put their money as inflation starts to take its toll on the economy?

what will they sell their bitcoin into? cash?

Replies

14vw4zeM9mCxMFsEMBS6ZJBUJzYSJnuU2t (11181) · June 9, 2020

The limit of bitcoin is $57,142.86 but it will never be reached.

1CvPZUbt4g6BReiW4PXmdy8w3QrAUNGvpi (896) · June 9, 2020

If Bitcoin is a success then most people will be holding their Bitcoin in equity in local small businesses

13idDCKB2oZMuUPVnPJ74aWJModTUMKmSV (4245) · June 10, 2020

Worst case?

A centrally controlled digital (world) currency.

Several seem to be in the works.

And that is probably the reason bitcoin was slowed down so much.

Great reset incoming.

1H5YvcnL3im6SNSPqynoMbDvxvRJggBnwo (24077) · June 10, 2020

Highly restrictive on-ramps have gotten far worse. Bitcoin may be worth more now but I remember ATMs without AML/KYC and localbitcoins, changelly and shapeshift. The IRS, DEA, etc will make users feel like criminals, drowning even lawful ppl in paperwork

1H5YvcnL3im6SNSPqynoMbDvxvRJggBnwo (24077) · June 10, 2020

"This was really like the most existential struggle I’ve ever dealt with in my life. This was dismal news for me, you know a dismal realization and conclusion to come to because we knew that it would be bad for our customers."
-Voorhees, Shapeshift.