BTC design has a few flaws. The most important is it is inelastic and cannot support a credit market https://t.co/qrBla4FuBe
— OW (@OccupyWisdom) May 26, 2018
So you would think that if #Bitcoin was a safe haven currency or asset, we would be seeing a flight to safety. Especially as all these third world countries with little to no currency stability….
but what is actually happening?
$BTC is about 1/3 of it’s high price & dropping
So you would think that if #Bitcoin was a safe haven currency or asset, we would be seeing a flight to safety. Especially as all these third world countries with little to no currency stability….
but what is actually happening?$BTC is about 1/3 of it’s high price & dropping pic.twitter.com/xJc4K1Py6w
— OW (@OccupyWisdom) May 26, 2018
#BITCOIN IS A RISK #ASSET AND NOT #MONEY, OR A #SAFEHAVEN
(Read entire thread)
The church of $BTC has argued for months that these digital tokens are money, and more specifically they are a safe haven currency when third world currencies lose stability… pic.twitter.com/SEbJ0PNeTD
— OW (@OccupyWisdom) May 26, 2018
h/t OccupyWisdom