Wednesday, February 24, 2021
Only Bitcoin Market News
Advertisement
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • investors
  • Technical
  • Crash
  • spam
  • stock
  • Blockchain
  • Videos
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • investors
  • Technical
  • Crash
  • spam
  • stock
  • Blockchain
  • Videos
Only Bitcoin Market News
No Result
View All Result

Public Fascination with Bitcoin Price is Slowing the Adoption of Bitcoin | Hacker

7 months ago
in Price
3 min read
Share on FacebookShare on Twitter


Author profile picture

@MarkHelfmanMark

Author, Consensusland: A Cryptocurrency Utopia. Editor, Crypto is Easy newsletter. #1 writer, Medium

Twitter social icon

Few people ask me about the social, political, and economic impact of cryptographically-secure, time-stamped distributed ledgers.

Related articles

Bitcoin bounces back, surging above $50,000 after more buying from Square

Bitcoin bounces back, surging above $50,000 after more buying from Square

February 24, 2021
Bitcoin’s sell-off is ‘part of its DNA’ and could still surge to $100,000,

Bitcoin’s sell-off is ‘part of its DNA’ and could still surge to $100,000,

February 24, 2021

(Which stinks, I wrote a book, Consensusland, about that.)

No, most people ask “should I buy bitcoin?”

They seem interested in whether they can make money from its price going up.

So you’d think the facts would convince them to buy bitcoin, right?

After all, its price has tripled over the past 18 months. It’s up more than 50% so far this year and almost never finishes a year lower than where it started. Institutional investment in bitcoin funds grew more in the first half of this year than all previous years combined.

Nope, not enough.

Facts and history will not convince people to buy bitcoin. It will take something much more powerful.

Fortunately, that something is here.

Yield, where are ye?

Investors don’t have any good ways to make money anymore. Traditional investments involve more risk and lower returns than ever before.

Thanks to the pandemic, you can’t invest in the real economy. Nobody’s making movies or going on cruises. Nobody’s going to the theatre or sporting events. Nobody knows when (or if) building starts and big infrastructure projects will get off the ground.

Thanks to central banks, you can’t invest in equities, cash, or debt, either.

The stock markets are full of businesses that have no profits or customers. Many corporations have stopped buying back shares. High P/E ratios suggest poor future returns and nobody knows whether the economy will rebound. For many companies, profits have dried up, making it hard for them to pay dividends.

(People like to say bitcoin doesn’t offer dividends, but what happens when stocks don’t either?)

Most major economies offer negative-yielding debt and US treasury notes rates remain effectively zero. Corporate debt is almost worthless, outside of a few bankrupt businesses waiting for somebody to take them over. Savings accounts pay maybe 1% if you’re lucky.

Private equity, perhaps?

Perhaps not. Start-ups are strapped for cash and struggling to conquer COVID-19.

You can’t even invest in banks anymore. European banks are barely solvent and the U.S. Federal Reserve stopped its banks from buying back stock and raising dividends, two of the biggest incentives for investors.

China and U.S. trade relations have fallen apart, so you can’t invest in China. The E.U. might fall apart, so you can’t invest in Europe.

A new investing paradigm

As an investor, you want to find ways to maximize opportunities and minimize risks. In this new investment landscape, that means making unusual choices.

For example, money has started flowing to emerging markets, despite an ever-growing list of countries defaulting or restructuring their debt.

Why do investors feel compelled to buy investments in countries that probably will never repay them?

As always, you have…



Read more:Public Fascination with Bitcoin Price is Slowing the Adoption of Bitcoin | Hacker

Tags: AdoptionBitcoinbitcoin news todayFascinationhackerPricepublicSlowing

Related Posts

Bitcoin bounces back, surging above $50,000 after more buying from Square

Bitcoin bounces back, surging above $50,000 after more buying from Square

by Bitcoin Market
February 24, 2021
0

Bitcoin virtual crypto currency price is displayed on a phone screen in this photo.STR | NurPhoto | Getty ImagesBitcoin's...

Bitcoin’s sell-off is ‘part of its DNA’ and could still surge to $100,000,

Bitcoin’s sell-off is ‘part of its DNA’ and could still surge to $100,000,

by Bitcoin Market
February 24, 2021
0

Cindy Ord/Getty Images The more than 20% sell-off in bitcoin this week shouldn't be a surprise to investors familiar...

Fed’s Powell Offers Bitcoin Bulls Glimmer of Hope as Price Drops to $45K

Fed’s Powell Offers Bitcoin Bulls Glimmer of Hope as Price Drops to $45K

by Bitcoin Market
February 23, 2021
0

TipRanksBillionaire Ray Dalio Places Bet on 3 “Strong Buy” StocksWhen billionaire financier Ray Dalio makes a move, Wall Street...

Market Wrap: Bitcoin Stabilizes After Margin Calls Fuel Biggest Plunge in Month –

Market Wrap: Bitcoin Stabilizes After Margin Calls Fuel Biggest Plunge in Month –

by Bitcoin Market
February 22, 2021
0

Bitcoin prices plunged as much as 19% in a violent sell-off Monday, the biggest of the year in dollar...

Bitcoin Price Analysis: BTC gets rejected near $39,000, correction to $32,000 likely

Bitcoin Price Analysis: BTC/USD pulls back to short-term support after refreshing

by Bitcoin Market
February 22, 2021
0

BTC/USD refreshed all-time high above $58,000 during the week, bounces off intraday low. MACD turns bearish as sellers attack...

Load More

Trend Now

  • Trending
  • Comments
  • Latest
Crypto-Powered Social Media Platform Voice Planning Launch for July 4 | CryptoGlobe

Crypto-Powered Social Media Platform Voice Planning Launch for July 4 | CryptoGlobe

June 8, 2020
J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

May 19, 2020
Argo Blockchain boosts mining margins in July

Argo Blockchain boosts mining margins in July

August 5, 2020
Institutional investors see Bitcoin holding US$50,000 suggests ETP provider

Institutional investors see Bitcoin holding US$50,000 suggests ETP provider

February 18, 2021
Bitcoin boom backstopped by central banks’ easy-money policies

Bitcoin boom backstopped by central banks’ easy-money policies

February 4, 2021
5 Cryptocurrency Staking Providers – A Review | Hacker Noon

5 Cryptocurrency Staking Providers – A Review | Hacker Noon

January 30, 2021
Argo Blockchain begins trading on OTCQX market

Argo Blockchain begins trading on OTCQX market

0
Bitcoin daily chart alert – Bullish chart pattern develops – May 19

Bitcoin daily chart alert – Bullish chart pattern develops – May 19

0
Calvin Ayre Invests in True Reviews: A New Take on Consumer Review Sites Built on the

Calvin Ayre Invests in True Reviews: A New Take on Consumer Review Sites Built on the

0
J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

0
Crypto.com’s MCO Visa Cards Are Now Shipping In Europe – Fintech Singapore

Crypto.com’s MCO Visa Cards Are Now Shipping In Europe – Fintech Singapore

0
Elon Musk tried to explain Bitcoin to JK Rowling on Twitter and this happened

Elon Musk tried to explain Bitcoin to JK Rowling on Twitter and this happened

0
Argo Blockchain begins trading on OTCQX market

Argo Blockchain begins trading on OTCQX market

February 24, 2021
Ark’s Cathie Wood says she’s still ‘very positive’ on bitcoin – helping the price

Ark’s Cathie Wood says she’s still ‘very positive’ on bitcoin – helping the price

February 24, 2021
Bitcoin Group SE with strong start into 2021- Integration of Bitcoin Deutschland AG

Net Asset Value(s)

February 24, 2021
Shaktikanta Das | cryptocurrency: RBI governor Shaktikanta Das voices ‘major

Shaktikanta Das | cryptocurrency: RBI governor Shaktikanta Das voices ‘major

February 24, 2021
Tether settles with the NYAG and Square buys the dip, sparking rapid recovery for

Tether settles with the NYAG and Square buys the dip, sparking rapid recovery for

February 24, 2021
Bitcoin bounces back, surging above $50,000 after more buying from Square

Bitcoin bounces back, surging above $50,000 after more buying from Square

February 24, 2021
  • Contact Us
  • Terms of Use
  • Cookie Privacy Policy
  • Privacy Policy
  • DMCA

© 2020 MarketForBitcoin.com

No Result
View All Result
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • investors
  • Technical
  • Crash
  • spam
  • stock
  • Blockchain
  • Videos

© 2020 MarketForBitcoin.com

  • bitcoinBitcoin(BTC)$49,687.004.66%
  • bitcoin-cashBitcoin Cash(BCH)$532.274.71%
  • binance-coinBinance Coin(BNB)$255.5913.34%
  • bitcoin-goldBitcoin Gold(BTG)$28.218.44%
  • bitcoin-privateBitcoin Private(BTCP)$0.8307.94%
  • blocktixBlocktix(TIX)$0.0200.00%