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Has Bitcoin Become a Mature Asset with the Price discovery Almost Complete?
142 sats \ 7 comments \ @spiderman 8 Sep bitcoin
No, not a doom and gloom, quite the opposite.
Basically, the early year swings and volatilities were all manifestations of the necessary price discovery of Bitcoin against the fiat. But starting from the ETF, and corporatisation of Bitcoin, as volatility has dwindled a lot, can we say the price discovery of Bitcoin is almost finishing now and now it will mostly keep pace (or somewhat beat) inflation like Gold does?
Now, things that propel Bitcoin to eye-watering heights will be only if some governments decide to hyper-inflate their currency (which will do the same thing to gold as well).
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0 sats \ 4 replies \ @DarthCoin 8 Sep
  1. Bitcoin is not an asset. Is just P2P money.
  2. Stop following bullshit crap news about bitcoin and start learning how bitcoin works and use it.
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0 sats \ 3 replies \ @spiderman OP 15h
And money is an asset too. The post is based on the observation that Bitcoin/Gold reached the current level the first time in March of 2021 and since then (after some wild swings) held steady. This metric takes any fiat trash out of the equation.
So it seems the price discovery process is maturing (a good thing).
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0 sats \ 2 replies \ @DarthCoin 12h
Ok if you insist into this bullshit fiat maximalism.... YNGMI
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0 sats \ 1 reply \ @spiderman OP 11h
Not fiat dude I already said, Bitcoin by Gold, that is, how many ounce of gold you get for a bitcoin (or grams for sats or whatever other unit you prefer).
Don't say Gold is meaningless as well, or gold is not an asset.
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0 sats \ 0 replies \ @DarthCoin 11h
Gold is just a shiny rock
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0 sats \ 0 replies \ @028559d218 8 Sep
Bitcoin is nowhere near mature
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0 sats \ 0 replies \ @daolin 8 Sep
I don't think corportization of Bitcoin is what's holding the price back. MSTR's strategy is still niche. I think it's more the sentiment and perception that BTC is boring and corporate, a sentiment that won't survive past $200k. There's a ton of money still on the sidelines that would prefer to buy at $400k, and I expect we can get there before hyperinflation.
People seem to think that because everyone knows about Bitcoin that there's no room left for the price. But only a tiny few corporations have actually gone all-in or even have a significant allocation to it.
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