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RE: Co-founder Bitcoin Foundation: cryptocurrency isnt a bubble and a needle
I don't get this whole discussion people seem to be having about bubbles. ITS NOT THAT IMPORTANT...
The housing market was also a huge bubble... Does that mean that people don't use houses anymore?! Same applies to blockchain!
The total value of shares in the stock market is 17 times higher than the number of dollars in circulation, and a total of 9 times more cash euros in circulation. However-most of them are in these 2 currencies and are quoted. That is, the stock market is overrated to a large extent. I certainly understand that it can not be opened - the financial system of the West will bend immediately, and will pull for itself and us, nevertheless - in a crypt of belief more than in bucks. At worst - there are still gold, but its expensive to maintain, meaning physical gold.
Agreed!