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RE: [dtube] Would a Bitcoin ETF Cause the Price to Explode?
In my opinion, bitcoin is similar to gold, in the sense that it is not a productive asset and that a bitcoin will be worth 1 bitcoin in 5 or 10 years (unless there is some problem with the technology). ). It will not produce anything and its value will still be determined by supply and demand. Maybe it will be worth a lot more, maybe not.
Not so. Bitcoin, if it becomes a widely used currency with a store of value will be deflationary for anyone who uses it in parity with goods and services. Unlike Fiat, there is no INFLATIONARY weapon in the arsenal. There can only ever be 21 million whole bitcoins and in reality there will only ever be about half hat in circulation.
ALSO Do not over look the idea of an occasional FORK as in Bitcoin Cash or Gold which, contrary to all rhetoric has been the equivalent of a stock split without the split.