Detractors have been attacking Bitcoin for requiring meme-stock speculators to function, but now that the speculators have left, the doubters are blaming Bitcoin for the speculators' absence. But here's why the falling Bitcoin price doesn't really matter.
“Bear markets are the best time to be alive and in the sector. It’s depressing for those that don’t know what they’re doing, it’s awesome for those that have a longer-term view.”Simon Dixon
The only distinction between Bitcoin and anything else is that bitcoin's price is irrelevant. Yes, the price of bitcoin has risen over time, but what really counts is bitcoin's value proposition as hard, non-confiscatable, and genuinely decentralized currency. Neither the price hype nor the pump. This is why traders and speculators have lost all interest in Bitcoin and are flocking at the drop of a hat to the latest inflating decentralized finance (DeFi) or non-fungible token (NFT) initiative. Many people see this decline in specul...