How is Bitcoin not just a glor-To The Moon - Tiger Brokers Online Investing Community - To The Moon

How is Bitcoin not just a glorified ponzi scheme?

Genuinely asking, not here to troll. Bitcoin has been popular for 15 years, but it still doesn’t seem to have a mainstream, everyday use. You can’t just walk into most stores and buy groceries or gas with it. Yet, every time it surges, people start calling it "the future of finance," but that future never really happens.

I keep hearing about institutional money coming in, but if it’s mostly hedge funds and whales pushing the price up, how does that make it a real currency? If regular people are just there to provide liquidity for the big dogs, how is this different from a glorified pump-and-dump?

Don't get me wrong I'm a Bitcoin fan and have been buying and selling it for years now. But I cringe everytime I hear “It’s digital gold”.. Gold has a use beyond its speculative value. It can be made into jewelry, art.. People want to have it because its a ‘real’ thing you can hold in your hands! Bitcoin's only real use is making anonymous transactions that regular humans don't usually need to make.

Am I missing something here, or is Bitcoin actually just a bigger fool scheme?

Bitcoin's Q1 Performance Lags: Is Strategy Still Worth Investing in Q2?

Strategy recently acquired 6,911 bitcoins for $584 million during the latest downturn, bringing its total bitcoin holdings to over 500,000. Strategy's stock surged 10% yesterday. The U.S. Bitcoin Spot ETF has seen net inflows for six consecutive days, while the U.S. Ethereum ETF set a record for the longest streak of daily outflows. Has Bitcoin bottomed out? Do you see MSTR continuing its rebound?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

NoraPoe
03-19
NoraPoe
Interesting perspective

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