_Ram
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$123,000 PER BITCOIN AND YOU STILL DOUBT?
Bitcoin has reached a new all-time high of $123,000 per Bitcoin today, and I get the feeling that people don't understand what this means. $123,000 per Bitcoin means that people are willing to pay $123,000 in cash, like that, to receive 1 Bitcoin. And the Bitcoin market is so liquid that market orders are executed almost instantly. That is, there are so many buyers and sellers available that if you make a buy or sell announcement on the market, it would be executed instantly.
You're not obligated to adopt Bitcoin, but I think with this level of maturity, it would be logical to give it some attention, if only to understand what it is. Then, adopting it or not is a personal decision.
Below, we have the charts of Bitcoin and the dollar versus gold over the past 15 years. We notice that the amount of gold needed to acquire 1 $BTC increases over time, while the amount needed to acquire dollars decreases over time.
Bitcoin has reached a new all-time high of $123,000 per Bitcoin today, and I get the feeling that people don't understand what this means. $123,000 per Bitcoin means that people are willing to pay $123,000 in cash, like that, to receive 1 Bitcoin. And the Bitcoin market is so liquid that market orders are executed almost instantly. That is, there are so many buyers and sellers available that if you make a buy or sell announcement on the market, it would be executed instantly.
You're not obligated to adopt Bitcoin, but I think with this level of maturity, it would be logical to give it some attention, if only to understand what it is. Then, adopting it or not is a personal decision.
Below, we have the charts of Bitcoin and the dollar versus gold over the past 15 years. We notice that the amount of gold needed to acquire 1 $BTC increases over time, while the amount needed to acquire dollars decreases over time.
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BTC
117,980.26
+0.24%