crypto market. It just went up and. Most coins, are held by a few individuals, the so called Bitcoin Whales (around 3 of existing Bitcoin addresses hold approx. What about the purposes for cryptocurrencies? In any case, their actual value has not fallen as a result of the current drop in prices. It seems that many financial experts breathe a sigh of relief.
The limited supply means that Bitcoins inflation rate will remain minimal until the last coin is mined. But where should this value come from, and what are the real obstacles to Bitcoin? Not just on its future speculative value but on actual utility value that can be justified today. The price is available on a daily basis on the internet. Just look at Japans massive adoption of Bitcoin and the suggestions that several major Japanese banks will start trading Bitcoin as a currency like the yen, dollar and euro. And yes, many of the tokens out there are part of this bubble, but I strongly believe that Bitcoin is not one of them. Anyone with a smartphone and internet access can participate in this financial system of the future -today and worldwide. For example the regulatory uncertainty worldwide can destroy value for many investors, especially if their time horizon is short. In this respect all our investments have a degree of speculation. Bitcoin now acts as a store of value in troubled economies. However, if I were to tell you that the company is currently valued at 200m, this could signal that this asset is in a bubble because the volume and adoption this company would need to achieve in order to justify such a valuation (in present. But not too fast!