Disclaimer:

Disclaimer: The blog posts and comments on this blog and posts on social networks are not investment recommendation, are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed on the blog are Petar Posledovich's. Petar Posledovich does not guarantee the accuracy of the information presented on this blog and social networks. The information presented is "as is". The blog is stocks analysis and valuation, Bitcoin, Cryptocurrencies, Artificial Intelligence, AI, deep-learning focused. Independent, unbiased AI insights. Petar Vladimirov Posledovich is not liable for any investment losses incurred by reading and interpreting blog posts on this blog and posts on social networks. Conflicts of interest: I may possess some of the securities, currencies or their derivatives mentioned in the blog post and posts on social networks! The blog is property of Wolfteam Ltd. www.wolfteamedge.com Respectfully yours, Petar Posledovich

Wednesday, November 23, 2022

Bitcoin Will Survive. Personal Opinion


 

Bitcoin's price in USD is hovering around 16 000 USD.

Bitcoin suffered badly after the FTX debacle and frankly scandal.

The Blockchain is priceless. In due time this will be realised.

Bitcoin's price could fall even lower in the mean time, however.

However, Bitcoin provides immense value as a store of value, unit of account and a means of exchange or money, that is.

In addition, Bitcoin is much more efficient, its transfer costs less than even electronic money transfers.

In short, Bitcoin, the leading cryptocurrency is a disrupter.

As with most disrupters like the internet, it could take several decades before the commercial value of Bitcoin and other cryptocurrencies is fully unlocked.






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