Friday, December 8, 2023

Bitcoin was designed

By DAC000 , in Bitcoin , at March 14, 2023 Tags:

for this moment, according to CoinDesk. About a two minute read.

Comment: I couldn’t agree more with this article; Bitcoin emerged from the chaos of the Global Financial Crisis and yesterday, on news of the default of several banks in The US, the cryptocurrency soared. Friday, as usual, I bought Bitcoin for roughly $20K. Yesterday the price approached $25K and this AM its still trading at about $24K. This is precisely what Bitcoin was designed to do: protect your wealth without needing a financial institution. A perfect storm of high inflation and financial stress, the next few days will be interesting.