Market Cap: $2,447,764,496,595
24h Vol: $110,791,132,623
Cryptocurrencies: 28600
Markets: 116072
Cryptocurrencies: 28600
Markets: 116072
Market Cap: $2,447,764,496,595     
24h Vol: $110,791,132,623
Seeking Alpha 2021-02-11 21:21:04

The Yellow Bitcoin Road To Nowhere

The Yellow Bitcoin Road To Nowhere
There is no scarcity value - there are thousands of perfect substitutes for Bitcoin.There is no use case for Bitcoin, making it worthless.Institutional investors' interest is largely exaggerated and likely only speculative.Even if Bitcoin were widely adopted as an asset, prices are set on the margin. Prices will revert to near $0, even if everyone bought Bitcoin right now, pushing prices up in the meantime.While the upside is theoretically higher than the downside, which is true of every single gamble, the risk-adjusted return is still dismal as the expected return is negative 100%.
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