Honey Badger Should Care: Why Bitcoin’s Price Action Does Matter
Despite repeated statements from Bitcoiners that price does not matter, the price of bitcoin is fundamentally a measure of its success.This is an opinion editorial by Joakim Book, a Research Fellow at the American Institute for Economic Research, contributor and copy editor for Bitcoin Magazine and a writer on all things money and financial history.“If crypto can be good for the real world, then crypto prices going down should be bad for the real world.” – Matt Levine for Bloomberg.When bitcoin tumbles, Bitcoiners get poorer. They don’t have fewer sats in their (hardware) wallets but can....
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