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bucolic_frolic

(51,522 posts)
10. I've seen videos of respectable older and prominent investors
Mon Jan 25, 2021, 09:15 PM
Jan 2021

that pooh-pooh the whole Bitcoin idea. One said it was not an actual investment because it doesn't yield a future income stream, one criticized it for not being readily convertible to any actual currency, and another said it is not viable because governments are not mandating its use by - their word - "fiat", in other words compulsion or law. Not actual currency in other words, and it's not like gold. If people stop using it, it's .... And it's very volatile.

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