RE: RE: How Reliable Is Bitcoin?
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RE: How Reliable Is Bitcoin?

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5y

If you want to rely on pure facts, Bitcoin was the best performing asset of the past 10 years. This incessant ideas from opposers or just straight old-school boomers continues to be proven as a logical fallacy. If it was a bubble, and took more than 10 years to pop, it is no longer a bubble. Bitcoins is inherently unstable in the micro and even macro, however it is continuously more stable than several countries native currencies. The novel Russia-Ukraine Conflict is the first time Bitcoin is getting "battle-tested", and it is doing quite well. I would not expect Bitcoin to immediately boom just because the Ruble is collapsing. What I would expect however, is people to observe, that no matter the state of a given nation or area, Bitcoin continues to be an asset that performs well. Gold and other precious metals will always be stores of value, but nothing more. Gold over time rarely stays above inflation and only really spikes during crisis. Bitcoin on the other hand (super-cycles aside) remains much appreciative an asset.