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What’s Up or Rather DOWN with Bitcoin?


Here is a tweet that says it all, from a few hours ago on my twitter feed, @PlatinumRic:

“Stable Coins will be the winning crypto accomplishing transaction efficiency which all modern economies can support, avoiding the siren’s song of invisibility & limited supply, both the basis for the flawed value argument for bitcoin and what will be an unsupported crypto regardless of recognition.”

And here is a tweet sent a few minutes later:

“The surge in bitcoin from less than $.01 in only a handful of years reflects, in part, the market’s subconscious desire to find a store of value that avoids the inevitable erosion of fiat currencies. But its not bitcoin; its gold & hi quality stocks that at least maintain purchasing power parity.”

 


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