What happens when one big player, say Blackrock or China, buys thousands of bitcoins? Bitcoin is very susceptible to whale speculation and that's how it all will end eventually.
IGOexiled already said it, but the difference between BTC and gold is that BTC relies on a very complex infrastructure and gold can be held and traded as is.
What happens when one big player, say Blackrock or China, buys thousands of bitcoins? Bitcoin is very susceptible to whale speculation and that's how it all will end eventually.
This is the closest you can get to how it might be manipulated. An private intel software firm controls the most crypto in the world.
https://www.zerohedge.com/crypto/these-are-worlds-largest-corporate-holders-bitcoin
Besides all the alt coins out there, not to mention Monero, the cat's out of the bag even if it was created by intel agencies.
Explain how to spend a bitcoin during a blackout, then show me a one-year period where nobody in LA experienced a blackout.
The power company controls the bitcoin.
My bitcoin was stolen by the FBI by intercepting the message confirming its transfer to the merchant on the silk road.
Value when stolen: ~$100, value today: ~$45,000.
We are in agreement comrade
IGOexiled already said it, but the difference between BTC and gold is that BTC relies on a very complex infrastructure and gold can be held and traded as is.