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A comment on Why gold and Bitcoin are popular. Parent comment

Re:Why gold and Bitcoin are popular by kerng on Sunday June 13, 2021 @11:10PM (#27498883)
Chances of Bitcoin being still around in 10 years and valued accordingly are a lot higher than 1%. The first 10 years were way more difficult and challenging. The market will chose, some governments will try to fight it, but its much easier for governments to stock up Bitcoin reserves and embrace it.

Bitcoin now is basically too big to fail.

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Re:Why gold and Bitcoin are popular by JackFr on Sunday June 13, 2021 @11:27PM (#27498966)
Bitcoin could disappear tomorrow and the biggest impact to the economy would be Tesla’s stick price.
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Re:Why gold and Bitcoin are popular by atweiden on Sunday June 13, 2021 @11:40PM (#27499041)
That’s rather uncharitable; the fallout would at least be similar to what would happen to the holders of SGD, NZD, DKK, and dozens of other currencies smaller than Bitcoin were they to implode.

[1]: https://fiatmarketcap.com/

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Re:Why gold and Bitcoin are popular by arcticbull on Sunday June 13, 2021 @11:42PM (#27499056)
There's no such thing as market cap of a currency - just circulating supply denominated in itself. Each of those economies would be devastated and left unable to conduct commerce. Bitcoin though? A handful of speculators.
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Re:Why gold and Bitcoin are popular by senectus1 on Sunday June 13, 2021 @11:18PM (#27498921)
> Bitcoin now is basically too big to fail.

That phrase, are you really going to use that without a /s ?

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Re:Why gold and Bitcoin are popular by jshen on Sunday June 13, 2021 @11:16PM (#27498913)
Nope.
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