BTC design has a few flaws. The most important is it is inelastic and cannot support a credit market

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

h/t OccupyWisdom