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21 sats \ 1 reply \ @160ed04091 9 Jul \ on: Bitcoin: Too Volatile To Be Money? bitcoin_beginners
To me, bitcoin is still in a price discovery phase, where its true value is being continuously assessed by the market, leading to large price swings as new information and developments come to light.
I agree. My personal expectation is that we're still at least an order of magnitude below what would be the current equilibrium price.
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