Even at $100,000, Bitcoin Will Not Lead to Mass Adoption [Explained]

Written by MarkHelfman | Published 2020/02/01
Tech Story Tags: bitcoin | btc | digital-payments | bitcoin-price | bitcoin-spotlight | bitcoin-price-rises | bitcoin-as-store-of-value | hackernoon-top-story | web-monetization

TLDR Bitcoin’s price is expected to hit $100,000, but experts say it won’t happen until it hits six figures. HODLers tend to sell bitcoin when its price goes down, not up, they say. But people are spreading bitcoin to newbies and buying things with it with it. That's not what I call “adoption.” But people tend to hoard bitcoin when it goes down. They’re hoarding bitcoin until the price gets high enough to sell it.via the TL;DR App
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Written by MarkHelfman | Editor, Crypto is Easy newsletter. #1 writer, Medium. Bitcoin author, analyst, commentator.
Published by HackerNoon on 2020/02/01
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