28 Sep '14, 7am

Why Bitcoin Value vs. The Dollar Doesn’t Matter (and Never Will)

Why Bitcoin Value vs. The Dollar Doesn’t Matter (and Never Will)

Bitcoin and Bitcoin value have scared some sovereign governments to the point that they have banned it outright, in practice, or through de facto capital controls . China attacking banks and account holders helped crash the BTC market at the beginning of this year. It has gone through the Mt.Gox fiasco, where trading bots were alleged to pump up the price of BTC, amounting to a market bubble. Also factor in Silk Road, the New York State Licensing controversy, and Alibaba’s IPO , the Bitcoin value is still up over 200% in USD value from this time last year. That Bitcoin value has not only survived on a global basis for more than five years, but thrived, and attracted some of the largest merchants worldwide (PayPal , Dell Computers , Dish Network , etc.). This is much more relevant than any comparison to a currency that is in it’s final years of relevance itself. If that doe...

Full article: https://www.cryptocoinsnews.com/why-bitcoin-value-doesnt-...

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