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selling cryptocurrency particularly attractive.
However, even after this historic run, there’s reason to believe that Ethereum could still have plenty of upside ahead for long-term investors.
So even though Bitcoin fails as money, it’s acquired a vivid life as a speculative asset.
In 2023, the token even crossed the $2000 mark after a long wait.
It’s now $15,625. But wait a minute – it’ll change.
Because of this, though it’s a more than worthy platformer, it was criticized for
lacking innovation. The price of gold varies by less than 1 percent a day
– but its price is still more volatile than the much-maligned US dollar.
Despite that, gold retains an enormous phantasmic appeal – some “objective,” market-determined measure of value, unsullied by state
intervention. Gold is like Bitcoin in being a stateless
form of money, which is why libertarians love it, but it does far
better on the store of value measure. But libertarians – and there are a lot of them in tech and finance,
the co-parents of Bitcoin – are always worrying about inflation;
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