The Promise Of Bitcoin Is Important, Not The Price

The Promise Of Bitcoin Is Important, Not The Price

Venture capitalist Fred Wilson is not a hoarder of Bitcoin. He doesn't care about that aspect of Bitcoin, but rather he is interested in the promise of Bitcoin as programmable money. Now, he started buying it again after staying mostly on the sidelines for most of the past two years. He thinks that the market price of Bitcoin in the short term is driven by emotion (greed vs. fear), liquidity, technical factors, and a bunch of other things. Right now, those factors are driving down the price of Bitcoin. Last year they drove it up. He says: "I continue to believe that the thing to watch is....


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