The speculative Rise of Bitcoin

May 28, 2021 4:03 PM
Money is used as a means of settlement. You basically exchange value by using currency. Digital currencies also fashion themselves as means of transferring value. However, many financial analysts disagree with this notion. The Price of bitcoin has been speculative since its inception. It has been moving massively over the at two weeks as well. Currently, bitcoin is trading at $36K down from its all-time high of $65K.

The price is extremely volatile and dependent on market sentiment.  This speculative nature of bitcoin is hurting the efforts of its mainstreaming. So, my question is can bitcoin ever become as useful as the dollar?

  • #bitcoin
  • ##speculativeprice
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