2021-03-03 Coindesk - Warren Says Yellen Left No Room for Ambiguity

[Sithara007]

@Sithara007. Agreed. Bitcoin would be very successful if your measurement of success is the pump on the price. However, would everyone consider it a success if it becomes the elite's playground or something reduced only as a speculative investment?

What is wrong if Bitcoin is being used as a speculative investment? That is the case for the past decade, although there are other uses as well. There is no requirement that Bitcoin should be used exclusively as a medium for payment. If Bitcoin is being used primarily as an investment asset, that doesn't mean that it will be no longer used for making payments. If a pump occurs, it is beneficial for everyone. At least we could say that the benefits outweigh the detriments.

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[bbc.reporter]

@Sithara007. However, because of the volatility which is caused by its leading usage as a speculative investment, bitcoin would be less effective as a medium for payments because this would encourage only hoarding and holding as another leading usage.

[Karartma1]

Can't we simply accept the fact that a crazy amount of people and investors want bitcoin and this is driving the current price rise? The futures markets show that the bitcoin shortage on exchanges is very big and those who want bitcoin are finding every possible means to put their hands on this asset.
I find it amusing!

[Dispox]

Can't we simply accept the fact that a crazy amount of people and investors want bitcoin and this is driving the current price rise? The futures markets show that the bitcoin shortage on exchanges is very big and those who want bitcoin are finding very possible means to put their hands on this asset.
I find it amusing!

I am sure that many statesmen who believe that the state is above everything will not only oppose the laws of the market economy, but will eventually go against the laws of physics as well!

[Karartma1]

Can't we simply accept the fact that a crazy amount of people and investors want bitcoin and this is driving the current price rise? The futures markets show that the bitcoin shortage on exchanges is very big and those who want bitcoin are finding very possible means to put their hands on this asset.
I find it amusing!

I am sure that many statesmen who believe that the state is above everything will not only oppose the laws of the market economy, but will eventually go against the laws of physics as well!

That's all we want to see! Let them fight the unwritten laws of the market and, most of all, the laws of physics. I can't wait to see money (in whichever form) pouring into bitcoin at an exponential rate and the more people will get what bitcoin is about the better.
Africa is showing the way, IMHO. Africans will be remember for being smart enough to preserve their wealth into the future.
We are only at the start, sit back and relax!