@michellhilton 18 May 2020 more from that month

The Ultimate Bitcoin Question

**If everyone in the world "fairly understood" the nature of bitcoin, the strengths, and weaknesses, would Bitcoin's price decrease to 1) less than 10% 2) less than 50% or increase 3) to 150% or 4) more than 300%?** Straight to zero. It’s backed by nothing, it’s highly manipulated, it’s not cryptographically secure due to mining centralization, many exchanges are weak and/or fraudulent, it consumes exhorbitant amounts of electricity in an age of conservation. It’s not a currency, it’s not a store of value. At best it’s a nice proof of concept for something much better to come in the future. Actual value is zero. The price, on the other hand, is a function of what players are willing to gamble. Could go to $100k before it finally hits zero. You’re betting on what other people think other people will do. Exercise in mass psychology.