[Opinion: Slow and steady adoption of Bitcoin is better than a brief sharp shock]
Bitcoin Podcast Bitcoin Podcast Peter McCormack expressed the hope that the value of Bitcoin will not reach $1 million in the next few months and continue to grow at a steady rate. The reason is that slow and steady adoption is better than a short, sharp shock. The latter carries significant risks: widespread value destruction, anger at those who hold Bitcoin, and the risk of government seizure. Clearly, it is better to hold on to Bitcoin before a crisis occurs than to learn about it during a crisis. As previously reported, Balaji Srinivasan bet that Bitcoin will reach $1 million by June 17. #BTC #Web3 #Binance #ETH #crypto2023
Bitcoin Podcast Bitcoin Podcast Peter McCormack expressed the hope that the value of Bitcoin will not reach $1 million in the next few months and continue to grow at a steady rate. The reason is that slow and steady adoption is better than a short, sharp shock. The latter carries significant risks: widespread value destruction, anger at those who hold Bitcoin, and the risk of government seizure. Clearly, it is better to hold on to Bitcoin before a crisis occurs than to learn about it during a crisis. As previously reported, Balaji Srinivasan bet that Bitcoin will reach $1 million by June 17. #BTC #Web3 #Binance #ETH #crypto2023