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It was at just under 30k like a month ago and it’s about to hit 50k. Speculators say it’ll go past 100k before the end of 2021.

I’m failing to see the value in holding the coin if the global economy tanks, but maybe one of you guys can enlighten me.

What’s going on? Am I dumb for putting most, (got a little crypto), of my money in assets and commodities instead?

It was at just under 30k like a month ago and it’s about to hit 50k. Speculators say it’ll go past 100k before the end of 2021. I’m failing to see the value in holding the coin if the global economy tanks, but maybe one of you guys can enlighten me. What’s going on? Am I dumb for putting most, (got a little crypto), of my money in assets and commodities instead?

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[–] • 3 pts

Bitcoin is a scam that will be crashed when the fiat currencies collapse!

What we are seeing now is the pump and dump.

Bitcoins value is based on its utility. But that is being eroded away by the increasing need for electricity and processing for each transaction. At some point the cost per transaction will exceed its value and it will crash.

If you want some crypto as a hedge against further precious metals suppression you would do better buying xrp imho.