Bitcoin’s Price Doesn't Matter: Adoption Does
While many people focus on the price of bitcoin and its volatility, the true metric of success is adoption.Bitcoin: a new and complex technology that almost nobody is able to explain to you. Yet people always talk about bitcoin; however, they don’t focus on the technology, but rather on the price. The bitcoin price swings are often used by both supporters and detractors to proclaim bitcoin’s success or impending failure. For instance, there are outlandish predictions claiming price predictions of up to $1 billion per bitcoin, as well as articles claiming the end of....
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Despite repeated statements from Bitcoiners that price does not matter, the price of bitcoin is fundamentally a measure of its success.
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