Some in the Bitcoin space claim to only be in it for the tech, maintaining that bitcoin’s price doesn’t matter much to them.
Whether they’re just posturing or whether they really mean it, they’re overlooking a major factor that keeps the Bitcoin network secure and healthy — the price of bitcoin.
Lyn Alden did an exemplary job describing why bitcoin’s price matters in the follow post:
Her main points included:
I’d like to help further Lyn’s argument by including the following points:
So, if you were pumped when bitcoin’s price hit a new all-time high this week, good for you.
Even if you weren’t necessarily thinking about the points made above as bitcoin’s price reached new highs, it’s also okay to simply be happy about having greater purchasing power.
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