LIVE: The Great Crypto Debate (Part II) by lkum82 lkum82 | Dec 17, 2018 | Videos | 1 comment LIVE: One year after Bitcoin hit nearly $20,000—what can we expect for 2019? We’re LIVE debating the bull vs. bear case for crypto #BitcoinOneYearLater source Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window) Related 1 Comment slovokia on December 17, 2018 at 4:18 pm It’s interesting how in financial markets “True Believers” can create their own reality. At least for a while – eventually markets become weighing machines. The price of cryptocurrencies bears no relation to their utility as a means of payment – it is more a function of speculative fervor. With a regular currency the need for more money does not increase it’s price because most bank deposits are backed by loans. Banks / central banks create the additional money as needed. With Bitcoin the assumption is that as Bitcoin becomes more useful it’s price will go up since it’s supply is relatively fixed. Reply Submit a Comment Cancel reply Your email address will not be published. Required fields are marked *Comment Name * Email * Website Notify me of follow-up comments by email. Notify me of new posts by email.