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November 02, 2017, 07:58:56 AM |
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I feel like we're still in the early adopter phase. So few people actually know about Bitcoin, and even fewer actually use it. There's no way we could be considered a majority of anything yet, hedge funds or no hedge funds.
The article also calls Bitcoin a bubble in the end, saying how everyone is holding it to sell it to someone else at a higher price, and that it's going to pop once no one wants to buy anymore. I also disagree with this because while Bitcoin's price is dictated by supply and demand, it does still have utility, such as storage of value and as a convenient way to move large amounts of money.
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