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Has Bitcoin Become a Mature Asset with the Price discovery Almost Complete?
142 sats \ 3 comments \ @spiderman 16h bitcoin
No, not a doom and gloom, quite the opposite.
Basically, the early year swings and volatilities were all manifestations of the necessary price discovery of Bitcoin against the fiat. But starting from the ETF, and corporatisation of Bitcoin, as volatility has dwindled a lot, can we say the price discovery of Bitcoin is almost finishing now and now it will mostly keep pace (or somewhat beat) inflation like Gold does?
Now, things that propel Bitcoin to eye-watering heights will be only if some governments decide to hyper-inflate their currency (which will do the same thing to gold as well).
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0 sats \ 0 replies \ @DarthCoin 14h
  1. Bitcoin is not an asset. Is just P2P money.
  2. Stop following bullshit crap news about bitcoin and start learning how bitcoin works and use it.
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0 sats \ 0 replies \ @028559d218 15h
Bitcoin is nowhere near mature
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0 sats \ 0 replies \ @daolin 15h
I don't think corportization of Bitcoin is what's holding the price back. MSTR's strategy is still niche. I think it's more the sentiment and perception that BTC is boring and corporate, a sentiment that won't survive past $200k. There's a ton of money still on the sidelines that would prefer to buy at $400k, and I expect we can get there before hyperinflation.
People seem to think that because everyone knows about Bitcoin that there's no room left for the price. But only a tiny few corporations have actually gone all-in or even have a significant allocation to it.
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