Simple btc is directly correlated with the stock market 'the S&P 500'.
also, It has zero cash flow and it fails to meet the essential functions of a currency:
1. A means of exchange: It is innately deflationary, causing people to hold onto it rather than spend it, expecting its value to rise.
2. A store of value: Its extreme volatility fluctuating by 20% to 30% renders it an unreliable option for storing value.
3. A unit of account: We rely on central bank currencies to measure the value of goods and services, not Bitcoin. It simply does not work as a unit of account.
also, It has zero cash flow and it fails to meet the essential functions of a currency:
1. A means of exchange: It is innately deflationary, causing people to hold onto it rather than spend it, expecting its value to rise.
2. A store of value: Its extreme volatility fluctuating by 20% to 30% renders it an unreliable option for storing value.
3. A unit of account: We rely on central bank currencies to measure the value of goods and services, not Bitcoin. It simply does not work as a unit of account.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.