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A comment on Bitcoin price hits $40k less than three weeks after shattering $20K. Parent comment

Re:Bitcoin price hits $40k less than three weeks after shatt... by Teandw on Thursday January 07, 2021 @02:17PM (#25675819)
Technically it's always been usable; it's just the benefits don't outweigh the cons to make it worthwhile. Nothing has changed on that side of things.

BTC will never be a widespread payment for things like coffee, as it makes no sense. It will always have to be pegged against a local currency (and that currency shown) so what's the point of using it to buy coffee?

At present, Bitcoin still an extremely risky asset. If it stays that way, who knows.

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Re:Bitcoin price hits $40k less than three weeks after shatt... by alwillis on Friday January 08, 2021 @04:29AM (#25683054)
At present, Bitcoin still an extremely risky asset. If it stays that way, who knows.

The financial guys have declared that bitcoin has been de-risked now, since insurance companies, hedge funds and publicly traded companies have invested many billions of dollars for the long term.

Bitcoin has a floor that it never had before.

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