pull down to refresh

126 sats \ 5 replies \ @Aardvark 17 Jul \ on: The Bitcoin Rally (Financial Times Unhedged, Robert Armstrong) econ
A tidy explanation, but what happens when the last regulatory roadblock has been removed? What makes bitcoin rise then?

The same thing that made it rise before the regulatory roadblocks began being removed?

write
preview
66 sats \ 3 replies \ @Undisciplined 17 Jul

Also, even in his dumb framework, maybe something like legislation that increases bitcoin reserve requirements or makes bitcoin legal tender.

reply
60 sats \ 2 replies \ @Aardvark 17 Jul

Or literally any favorable policy change elsewhere on the planet? There's still a ban in China last time I checked.

reply
60 sats \ 1 reply \ @Undisciplined 17 Jul

Exactly. There are still lots of legislative bodies that can do stuff.

reply
84 sats \ 0 replies \ @denlillaapan OP 17 Jul

obviously, it can't be because bitcoin has some intrinsic superior virtue

reply
42 sats \ 0 replies \ @denlillaapan OP 17 Jul

NOE! U fin retard

reply