With the entry of large institutions buying #BTC, how whales can control Bitcoin’s prices, in other words, considering how Bitcoin is still volatile, what would make it a stable, global currency for day to day use? #asknostr
Discussion
Time
At this point, #BTC is 15 years old, and over the years, I’ve seen people interested in it only because of the trading. Although many people have explained how it is a great store of value, that has happened over time.
I’m just thinking out loud here. The fundamental question is - how is the volatility question going to be addressed, and considering the fact that US institutions have entered BTC, it seems they’ve already succeeded in taking over the price flow to suit their needs. In other words, they’re using BTC to make money just like they do other instruments.
15 years is not a long time in this context. And it’s market cap is already higher than silver in this short period.
We don’t need to be Addressed. New use cases an users will push the price and there will be corrections in short term but they will also be the reason to stabilize the price in long term.
The only way for a financial institution to use BTC to earn money is by arbitrage. And arbitrage will also stabilize the price.
I think it will still take a lot of time.
If we want to shorten the time we can stack, build or do marketing/education.